Doosan Heavy has been applying 3D printing technology since 2014 in an effort to establish a most advanced manufacturing system for power plant components, such as gas turbines. The company currently owns a total of five metal 3D printers and also has a 3D printing fabrication shop, the largest in Korea, built on its premises. Doosan aims to create greater business synergy by widening the scope of application to other sectors, such as the aviation and national defense sectors, in addition to the power plant sector.

Doosan has diversified its SMR business by strengthening cooperation in this field, such as through the additional investment made in the US-based NuScale Power and by signing a service agreement for the design engineering of nuclear components with the US-based X-energy, a company whose SMR development is based on high-temperature gas reactor technology.

Doosan Heavy, the company with the longest track record in Korea’s offshore wind power sector, has once again proven its competitiveness in this field by winning the contract to supply the equipment for Korea’s largest offshore wind farm, the 100MW Jeju Hallim Offshore Wind Farm. Doosan has plans to supply 18 units of 5.56MW offshore wind turbines going forward.

Doosan is stepping up efforts to diversify its hydrogen energy business. The plan is to acquire the technology and track record for producing clean hydrogen, such as blue and green hydrogen, successfully develop a hydrogen gas turbine and build up the company’s hydrogen-related equipment business, all of which will be pursued to solidify Doosan’s position as market leader in the hydrogen business.

We completed construction of the Wind Turbine Shop #2 at our headquarters in Changwon to effectively prepare for the rising number of orders for offshore wind turbines and the manufacturing of 5.5MW wind turbines. With the existing Wind Turbine Shop #1 and the opening of Wind Turbine Shop #2, Doosan is now in a position to produce 30 units of offshore wind turbines annually.

Doosan made great headway in the exporting of nuclear equipment, such as becoming the first company in Korea to export spent-fuel storage casks to the US and signing a supplier agreement for the automatic seismic trip system(ASTS), a key component of nuclear power plant’s instrumentation & control (I&C) system, with China.

Construction has commenced for the Gimpo Combined Heat & Power (CHP) Plant project, which involves installation of the large industrial gas turbine that was locally manufactured and developed by Doosan. The development of the gas turbine established Doosan as the fifth company in the world to successfully accomplish such a feat by itself. Doosan secured the opportunity to take part in the demonstration of a large gas turbine when it signed a gas turbine supplier agreement with Korea Western Power. Korea Western Power will be providing Doosan with useful operating and technical information acquired from the demonstration project to facilitate a successful market entry for the next generation Korean-style combined cycle power plant model that is developed.

Doosan is preparing to penetrate in full force the market for offshore wind power by establishing this area as its new growth engine in line with the government’s Green New Deal initiative. As the leading Korean company in the offshore wind power sector, we intend to actively participate in the Green New Deal initiative and contribute to promoting the growth of the domestic offshore wind power market.

The SMR(small modular reactor) project in the States, which Doosan is participating in as the main equipment supplier, is gaining momentum. The U.S. Nuclear Regulatory Commission (NRC) completed the Phase 6 review—the last and final phase—of the Design Certification Application for the SMR developed by the U.S. based NuScale, with which Doosan Heavy has a strategic partnership. Doosan will supply at least US$1.3 billion worth of major SMR equipment to the US and other global markets through NuScale.

Doosan will be constructing Korea’s very first hydrogen liquefaction plant, together with Gyeongnam Province, Changwon City and Changwon Industry Promotion Agency (CWIP). Doosan will be building the plant, which is to have a daily production capacity of 5 tons of liquefied hydrogen, within the grounds of its Changwon plant in Gyeongnam by 2022. The plant will start commercial operation in 2023, and the liquefied hydrogen will be supplied to hydrogen charging stations nationwide.

Doosan is expanding its hydropower business by participating in the development of the Upper Trishuli-1 hydropower plant in Nepal and a hydropower plant in Pakistan. Furthermore, Doosan signed an MoU with Korea Western Power to cooperate on developing a hydropower plant in Phou Ngoy, Laos, while also signing a MoU with Korea Midland Power to jointly develop overseas hydropower markets.

Doosan plans to supply Korea’s first hydrogen liquefaction plant to support Changwon City’s project to build a demonstration site for hydrogen energy circulation and storage systems.

Doosan became the first Korean company to receive the “Type Certificate” for its 5.56W offshore wind power system from the UL DEWI-OCC, an international certification agency. The new system boasts of having the largest capacity of any model in Korea’s wind power market.

Doosan had held the final assembly event at the head office in Changwon for the first large gas turbine for power generation. It’s currently being developed as part of a national project sponsored by the Ministry of Trade, Industry and Energy and the Korea Institute of Energy Technology Evaluation and Planning. Once it has passed an in-house performance test in 2020, Korea will become one of the five countries along with the United States, Germany, Japan, and Italy to have secured independent gas turbines for power generation.

Doosan signed a memorandum of understanding with MCV, American private energy firm, to extend cooperation in maintenance and improvement of MCV’s gas turbines. With the MOU, Doosan expects to strengthen its foothold in gas turbine aftermarket business. In the Korean domestic market, it had won a contract to maintain the exhaust cylinders of three gas turbines installed at Units 4 to 6 of the Ulsan Oil Fired & C.C Power Complex. The order was a follow-up to the successful maintenance of the gas turbine exhaust cylinder of Unit 3 of the same complex.

Doosan completed equity investment in NuScale Power for its small modular reactor (SMR) technology and executed a business collaboration agreement with NuScale Power for the NuScale Power Module™ (NPM) and other equipment supply. Doosan plans to supply equipment worth at least $1.3 billion to NuScale Power for both U.S. and global deployment of the NuScale power plant.

Doosan Heavy Industries & Construction signed agreements with local companies in Hanoi to lay the groundwork for developing the wind power market in Vietnam. Doosan signed a business agreement with Vietnam’s state power company Vietnam Electricity (EVN) to develop an energy storage system (ESS)-linked 3MW offshore wind power demonstration project, marking a milestone in the company’s renewable energy business.

Doosan Heavy Industries & Construction has recently been successively winning contracts for energy storage system (ESS) projects. The company signed a contract with SK E&S to deliver a power demand management ESS facility. Furthermore, with Doosan Heavy’s US-based subsidiary, Doosan GridTech, also winning a contract together with Consumers Energy to implement an ESS at a substation in Kalamazoo, which is located in the southwestern part of Michigan, the company is effectively building up its competitiveness in both the domestic and overseas markets.

Doosan Heavy Industries & Construction (DHIC) has been selected as the main contractor for the 8MW Large-Capacity Offshore Wind Power System Development project, a state project sponsored by the Korea Institute of Energy Technology Evaluation and Planning (KETEP). With this new development, the Company will be able to expand its wind power system lineup to 8 MW from the current 3 MW and 5 MW lineup. The development of this model will help aggressively penetrate the overseas wind power market, where the growing trend is for large scale models and it will also help increase the share of local supplier products in the Korean market, where foreign models currently account for more than half of the market share.

Doosan took part in a 230 billion won desalination project in Sharqiyah, Oman. With the partners in its consortium, Doosan will carry out the engineering, procurement, and construction for the project. Furthermore, with this project, the Company has broadend its business scope from construction to development and operation.

Doosan Heavy Industries & Construction and its consortium partner PT. Hutama Karya, an Indonesian state-owned construction company, received a 470 billion won order from PT. Perusahaan Listrik Negara (PLN), an Indonesian government-owned sole electricity utility company, for Muara Tawar Combined Cycle Power Plant.

Doosan Heavy Industries & Construction held a ceremony to celebrate the installation of a new 17,000-ton forging press – the world’s largest to date – at the forging plant of its manufacturing complex in Changwon, South Gyeongsang province in South Korea. The new 17,000-ton forging press is 29 meters tall and 9 meters wide, and it can forge steel ingot with the strength equivalent to 240,000 men pressing on the metal at the same time. It is currently the world’s biggest four-pillar type forging press to date.

Doosan Heavy Industries & Construction was named as the winner of the ‘Desalination Company of the Year’ award by Global Water Intelligence (GWI), one of the industry’s leading research organizations. The prestigious award is a clear recognition of Doosan Heavy’s leading contribution to the desalination industry.

Doosan Heavy Industries & Construction signed a contract to acquire the 5.5MW offshore wind power technology developed by Hyundai Electric & Energy Systems. The 5.5MW wind turbine boasts of the largest capacity among domestic products of its kind. The system was installed in Gimnyeong Pilot Complex on Jeju Island and has been in operation for about three years.

Doosan Heavy Industries & Construction finalized the acquisition of ACT Independent Turbo Services (ACT), a US gas turbine service company, and established Doosan Turbomachinery Services. With the acquisition, Doosan will secure not only professionals and facilities specializing in gas turbine services, but also order backlogs and know-how; thus instantly entering the US gas turbine market with a capacity of 16GW per annum.

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 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.

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.

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.

he 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.

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.

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.

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.

Nuclear reactors, turbine-generator rotor shafts and oil-fired boilers were additionally chosen as World-Class Products for commercial nuclear power plants.

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.

hairman & 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.

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.

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.

Won an order to supply major equipment for AP1000™ nuclear units for the Sanmen and Haiyang projects, China’s first third generation nuclear plants, since the company’s entry into the nuclear plant market in China in 1995.

Won the Shuaibah Phase 3 Expansion RO project in Saudi Arabia, the company’s first RO project. This project was followed by the Shuwaikh RO project in Kuwait in March 2008 and the Jeddah RO project in Saudi Arabia in December 2008.

Won a turbine upgrade order for the Eraring thermal plant in Australia (660MW X 4 units), followed by boiler upgrade order in 2009.

Acquired a 99.76% interest in Romania’s largest casting and forging manufacturer Kvaerner IMGB at approximately KRW 14.5 billion.

Won an order for the major equipment for Shin-Kori nuclear power plant units 3 and 4, Korea’s first nuclear units to adopt the third-generation APR1400 design. APR1400 design offers dramatically improved safety and efficiency over the previous OPR1000 design.

Solidified the company’s position as the global leader in desalination with the development of next-generation large capacity desalination technology.

Won an EPC contract worth US$ 1.22 billion for the world’s largest 4000MW coal-fired thermal power plant in Mundra, India. The project was successfully completed in 2012.

Won an order worth US$ 850 to deliver the Shuaibah Phase 3 desalination plant in Saudi Arabia, solidifying the company’s position as a global leader. The plant is capable of producing 880,000 tons of freshwater a day, which can be used by 3 million people simultaneously

Gained access to source technologies for key parts of the desalination plant in the RO area by acquiring the water treatment business of AES of the US (currently Doosan Hydro Technology) on October 3, 2005.

Announced a vision to become a plant specialist, aiming to deliver superior value through world-class technology and cost competitiveness.

Changed company name as a private enterprise with a spirit of challenge and innovation and integrated its CI with Doosan to maximize synergy of privatization.(Photo: Announcement of Fresh Start at Changwon headquarters on May 4, 2001)

Won a US$ 800 million order from UAE state-owned UOG to deliver Fujairah desalination plant. This project propelled the company to the top of the global desalination market. In the same year, the company’s desalination plant was chosen as the World-Class Product.

Began to be traded on the stock exchange on October 25 under the stock code 34020.

A consortium led by the Doosan Group selected the preferred bidder to acquire Korea Heavy Industries & Construction (“Hanjung”) and Doosan’s acquisition of Hanjung is considered to be the most successful privatization and M&A in Korea’s history.

Won an order for replacement steam generators for Sequoyah nuclear power plant unit 1 in the US, making the company’s first export to the birthplace of nuclear power 30 years after Korea’s first adoption of nuclear plant technology.

The Korean government designated one single company to supply power plant facilities in an attempt to restructure business structure of major companies and promote the nation’s competitiveness in the industry.

Won an order for steam generators for Qinshan Phase 3 nuclear plant units 1 and 2 in China from China National Nuclear Corporation (CNNC), the company’s first nuclear equipment sales overseas.

Won an order for major equipment for Korea’s first 800 MW Yeongheung coal-fired thermal plant.

Set up HANVICO, a 70:30 joint venture between Doosan Heavy Industries & Construction and the state-run heavy manufacturer DMF of Vietnam.

Completed in April the manufacturing, supply and installation of major equipment such as boilers and turbine generators for Boryeong thermal plant units 3 through 6, Korea’s first 500 MW coal-fired thermal project to adopt the standardized design.

Won an order worth US$950 million from Saline Water Conversion Corporation of Saudi Arabia to build Shuaibah desalination plant.

Yeonggwang nuclear plant units 3 and 4 are Korea’s first 1,000 MW major plants that adopted the OPR1000 Korean standard plant design.

Won an order in January for the Assir desalination project in Saudi Arabia. It was the first turnkey order led by a consortium with the US-based desalination engineering company ESCO to perform design, manufacturing, installation, construction and commissioning.

One of the world’s largest integrated manufacturing plants at the time, Changwon Plant construction was finished six years after the groundbreaking in 1976. The Changwon Plant opened a new chapter in Korea’s industrial plant sector as the engine behind the company’s growth. (Photo: The completion ceremony of Changwon Plant received big attention with the attendance of the country’s president.)

Changwon Plant was a far-sighted investment, having the world’s largest 13,000-ton press facility at a time when casting production lines were almost nonexistent.

Renamed Hanjung as a government-invested public enterprise.

Won a turnkey order for Samcheonpo thermal power plant 560MW units 1 and 2, Korea’s largest coal-fired thermal project at the time. With this project, the company began to accumulate technological expertise.

Won an order to supply equipment to the Farasan project in Saudi Arabia, the company’s first desalination project.

In step with the government’s heavy chemical industry promotion policy, the company embarked on a historic project to build Changwon Plant.

Built Gunpo Plant in Gunpo, Gyeonggido, to produce castings, machinery and forgings, paving the way for the company’s growth into a machinery and heavy industry company.

Established on September 20, 1962 as Hyundai Yanghaeng, the company started out as a trading firm, importing raw materials and equipment for manufacturing and construction as well as cement.