After it had achieved its corporate vision and business targets set in 2004 ahead of schedule, Doosan Heavy Industries & Construction declared a new vision “Global Leader in Power & Water” in 2008. Guided by this vision, the company has continued its drive to secure global top-tier competitiveness and sustainable growth.
After achieving business targets set in 2004 ahead of schedule, Doosan Heavy Industries & Construction was able to ramp up its CSR efforts.
Successfully delivered the first shipment of three nuclear units to the US, a birthplace of nuclear power that resumed the construction of nuclear power plants after a 30-year hiatus.
Won an order to supply major nuclear equipment for Shin-Hanul plant units 1 and 2 in Korea. This project marks the first time Korean nuclear units were produced entirely with domestic technology, including the Man-Machine Interface System (MMIS) and Reactor Coolant Pumps (RCP).
Forged strategic alliance with Burns & Roe, a global leader in engineering and designing of coal-fired power plants to exchange and share engineering expertise, know-how and talent.
Partnered with subsidiary Doosan Babcock to purchase a 15% equity share ownership in the Canada-based HTC, a possessor of proprietary CCS technology.
Doosan Babcock successfully demonstrated the world’s first use of oxyfuel in boilers, using 40MW boilers commonly found in coal-fired plants.
With its KRW 800 billion acquisition of Skoda Power, Doosan Heavy enhanced its core power product line of boilers, turbines and generators, becoming a truly vertically integrated global leader in Power.
Opened the KRW 300 billion Doosan Vina manufacturing plant, a large-scale manufacturing plant in central Vietnam. Composed of five factories and dedicated port facilities, the plant produces boilers, HRSGs, desalination equipment and material handling systems for projects worldwide.
Ranked No. 4 out of 400 companies on the BusinessWeek’s World’s Best Companies list, the top ranking by a Korean firm. The company also ranked No. 2 on the Boston Consulting Group’s annual Value Creators list for 2009.
In February, 2010, Doosan Power Systems was formed to coordinate the operations of Doosan Babcock of the UK and Skoda Power of the Czech Republic, providing total power solutions to Europe and the Americas.
Participated in a consortium led by Korea Electric Power Corporation (KEPCO) that won the US$ 4 billion project in the UAE, in which the company will supply major equipment for APR1400 nuclear units. The project is the company’s largest accomplishment since it entered the nuclear power plant business.
Won a US$ 1.3 billion order for the Mong Duong II thermal project in Vietnam from AES-VCM in December 2010. In the same month, the company also signed a framework agreement with the government of Vietnam to serve as the sole technical partner for a national project to localize equipment production for 600 MW coal-fired thermal plants.
Set a new order record of KRW 12.9 trillion for projects in the Middle East, a key market for the company. The wins included the Raigh 6 project, the company’s largest overseas thermal plant project to date and the Ras Al Khair project, the world’s largest desalination project to date.
The company’s rotor shaft for thermal low-pressure turbines was chosen as the World-Class Product.
Chairman & CEO Park who spearheaded Doosan’s successful privatization and transformation into a global company was highly recognized. He received the prestigious Gold Tower Order of Industrial Service Merit at the 1st Atomic Energy Day held on December 27, 2010, in recognition of his contributions to the successful win of the nuclear project in the UAE. Previously, he also received the top award at the CEO Grand Prix Awards in 2009.
Acquired India-based boilermaker Chennai Works (currently Doosan Power Systems India) in February, gaining competitive edge in the Indian market. In November, subsidiary Doosan Power Systems (DPS) acquired German-based Lentjes (currently Doosan Lentjes), gaining access to eco-friendly technologies, such as Circulating Fluidized Bed (CFB) boilers.
Won the Yanbu Phase 2 Expansion (15 MIGD) EPC desalination project from Saline Water Conversion Corporation (SWCC) in Saudi Arabia. This made the company the first in the global water industry to secure a project and technology portfolio spanning the top three major desalination technologies – Multi-Stage Flash (MSF), Reverse Osmosis (RO) and Multi-Effect Distillation (MED).
The company’s 3MW wind turbine system, launched as a government project in 2006, won international type certification from DEWI-OCC of Germany, paving the way for overseas sales.
Signed an agreement on November 15 on the construction of 300 MW Taean IGCC project, Korea’s first integrated-gasification combined-cycle demonstration plant.
The company pursues sustainable management by fulfilling its social responsibilities as a corporate citizen and contributing to local communities.
Nuclear reactors, turbine-generator rotor shafts and oil-fired boilers were additionally chosen as World-Class Products for commercial nuclear power plants.
Announced “The Doosan Way,” Doosan’s corporate philosophy to continue the remarkable transformation and success of the past 100 years into the next 100 years.
Indian subsidiary DPSI won orders from India’s state-owned power utility NTPC, including three 800 MW boilers for the Kudgi project in Karnataka and two additional 800 MW boilers for the Lara project in Chhattisgarh.
Strengthened competitive edge in water treatment business by acquiring UK-based Enpure (currently Doosan Enpure) to gain access to world-class preconditioning equipment design as well as water treatment technology.
The Yanbu Phase 3 Desalination Plant valued at KRW 1.1 trillion in Saudi Arabia supplies water to the neighboring city of Media using an MSF method. The plant produces 550,000 tons (121MIGD) of freshwater that can be used by 1.8 million people simultaneously. (Photo: Yanbu Phase 2 MED Desalination Plant completed in 2013)
The company’s steam generators and super-large forged backup roll for plate rolling mill were chosen as the World-Class Products.
The Company won a grand prize at the Management Transparency Awards as well as Corporate Governance Awards in recognition of its effort to promote transparency, ethics and CSR in all areas of its business.
Transferred the company' s Heat Recovery Steam Generator (HRSG) business to Doosan Engineering & Construction.
The Escondida Desalination Plant, the largest RO-mode project in Latin America, will produce 220,000 tons of freshwater a day that can be used by 550,000 people simultaneously. The project is the first of its kind in a region other than the Middle East for the company.
Dammam Water R&D Center in Saudi Arabia plays a pivotal role in Doosan water R&D global network, focusing on the development of core technology in evaporation method and hybrid desalination fields.
Won an order worth KRW 850 billion to supply boilers and turbine generators for the Shin-Boryeong thermal plant units 1 and 2.
The plants are the first 1000 MW Ultra-Supercritical (USC) coal-fired thermal power plants developed with domestic technology. These eco-friendly and high-efficiency power plants are more efficient than conventional coal-fired thermal power plants and generate less carbon dioxide.
Won an EPC contract for the Vinh Tan 4 coal-fired thermal power plant to be built in Binh Thuan, some 230km east of Ho Chi Minh City. As an EPC contractor, Doosan is to lead the entire process from equipment manufacture, installation and trial operation.
The company's integral heads and excitation systems for major nuclear equipment were chosen as the World-Class Products.
Subsidiary Doosan Babcock signed a long-term service agreement with French energy giant EDF to support the operations of the energy company’s 14 nuclear power stations in the UK.
Signed a KRW 380 billion contract by Korea District Heating Corporation to supply the integrated energy systems to be built in Dongtan 2 New City, a city being created in Hwaseong, just south of Seoul in South Korea.
Signed a KRW 2.3 trillion contract to supply main equipment for Shin-Kori Nuclear Power Plant Units 5 and 6 together that adopt Korean-designed APR 1400, boasting of significantly enhanced safety.
Received a certificate of enlistment in the Dow Jones Sustainability Index (DJSI) at the “2014 DJSI International Conference.” DJSI is a global standard that evaluates the sustainability of management by comprehensively assessing companies in the economic, environmental, and social aspects, and the company has been enlisted in Korea Class.
The company’s WinDS3000, a 3MW-class offshore wind turbine was chosen as the World-Class Products.
Won an order for the 1330MW (665MWX2) Nghi Son 2 thermal power plant project in Vietnam. This is the company’s 3rd EPC contract following its Mong Duong 2 and Vinh Tan 4 thermal power plant projects in Vietnam.
Won the first order for the 310MW Karabatan combined cycle thermal power plant project in Kazakhstan, paving the way for its advancement into the Central Asian power market.
Doosan’s Rabigh 2 thermal power plant construction project which was constructed for SEC has achieved 50 million safe man-hours. Doosan established an advanced EHS culture through systematic and differentiated EHS activities in Saudi Arabia. The record of 50 million safe man-hours is the longest duration of accident-free operation among any global project Doosan has performed to date.
Won an order for the 1,200MW Song Hau coal-fired power plant this past April. As the main EPC contractor, Doosan will supply the main equipment of the plant including boilers and turbines as well as construct the plant. The plant is expected to contribute to easing power shortages in southern Vietnam.
Started manufacturing reactor vessels in the early 1980s beginning with Hanbit unit 1 and produced Doosan’s 30th reactor vessel this summer, the VC Summer unit 3. Moreover, last May Doosan delivered their 100th steam generator after 30 years of manufacturing nuclear steam supply systems.
The Ras Al Khair Ph.1 seawater desalination plant, constructed by Doosan Heavy Industries & Construction in Saudi Arabia, was awarded ‘Desalination Plant of the Year’ at the 2015 Global Water Awards hosted by the Global Water Intelligence (GWI) in Zurich, Switzerland. GWI is a world-renowned specialty journal on water.
Has successfully won an order for construction of the Shin-Kori nuclear power plant units 5 and 6 this past June. Doosan had also signed a deal to supply the main nuclear equipment to the plant in 2014. This latest contract helps strengthen Doosan’s capabilities as a leading nuclear power plant facility maker.
Won the phase 2 of the Al-Ansab sewage treatment plant from Oman, the first order in the Middle East, and Doosan Enpure, the company’s subsidiary, won the phase 2 of Bellozanne sewage treatment works replacement plant in England.
Became the main business partner to deliver the energy storage systems (ESS) under the 2015 Smart Grid Implementation Project, which was hosted by the Korea Smart Grid Institute. With its first achievement of supplying 1MW ESS facilities with Kwangjin Engineering, Doosan will also supply the main equipment for the 2.4MW ESS with Korea Power Exchange (KPX), the largest output among all the ESSs installed in a single building in Korea to date.
Starting with its first project to supply the main equipment for Shin Boryeong thermal power plant in 2013, Doosan has successfully won orders for 1000MW-class thermal power plant projects at home, including the Gangneung Anin thermal power project in April, the Shin Seocheon thermal power project in November and the Goseong Hai thermal power plant project in December.
Laid foundations to expand its South African power market by making a contract to refurbish the aged facilities at the Morupule A power plant in Botswana. Through efforts to expand and diversify its markets, Doosan has successfully made inroads into new markets, including South Africa and Turkey this year.
Doosan Babcock won a project to transform fuel for 140MW-class Lynemouth Thermal Power Plant Unit 3, which had been operating since 1972, into biomass, an ecofriendly fuel. Doosan Enpure also bagged the “Horsley water treatment plant improvement project” in March this year after winning the project to expand and improve the “Woodmansterne water treatment plant” last year.
The Rabigh 2 project implemented by Doosan Heavy Industries & Construction in Saudi Arabia was given the “Power and Desalination Plant of the Year award” by Middle East Economic Digest (MEED), an economic magazine in the Middle East.
Doosan Heavy Industries & Construction signed a 460 billion won contract to construct, maintain, and repair the “Doha Phase 1” seawater desalination plant adopting Reverse Osmosis (RO) technology. The feat is meaningful since Doosan Heavy Industries & Construction beat world-renowned rival firms by banking on its superior technology including highly advanced pretreatment process and credibility.
Doosan Heavy Industries & Construction acquired 1Energy Systems (now known as Doosan GridTech), a company that possesses fundamental technology in ESS (energy storage system) control systems in July, and won the first ESS order in the US in October. Doosan Heavy Industries & Construction has secured the industry’s best competitiveness in the ESS business and laid the foundation for expanding businesses to include the Microgrid market.
Doosan Heavy Industries & Construction received the top grade, the highest honor, in the shared growth index assessment 2015 conducted by the National Commission for Corporate Partnership. Doosan Heavy Industries & Construction acquired the highest grades in “track records in the implementation of fair trade and shared growth” and “assessment of perception among SMEs” that surveyed partner firms; thus earning recognition as a company that strengthens shared growth with business partners.
Taean Integrated Gasification Combined Cycle (IGCC) Plant, which was supplied by Doosan Heavy Industries & Construction through the EPC method, started commercial operation in August. The company became the seventh in the world to commercialize an IGCC plant. A project implemented as part of the government’s renewable energy R&D project in 2006, the Taean IGCC plant is an outcome of the project to develop technology for the first “Korean standard 300MW-class IGCC demonstration plant.”
Jeju Tamna Offshore Wind Farm, Korea’s first commercial offshore wind power complex, started operation on September 29. Doosan Heavy Industries & Construction constructed 10 units of 3MW-class offshore wind power generator in the complex through the EPC method, ushering in the era of offshore wind power in Korea.
Doosan Heavy Industries & Construction won large-scale EPC projects in succession including the 2.8 trillion won Obra-C and Jawaharpur projects in India, the one trillion won Fadhili project in Saudi Arabia, and the 950 billion won Subic Redondo project in the Philippines in the second half of 2016, solidifying its position in the global power market.