레이아웃 1 - Doosan
Transcription
레이아웃 1 - Doosan
2011 Doosan Fact Book Doosan has selected " " as the corporate slogan, which is based on the conviction that companies must contribute to humankind and help to shape the future. All Doosan employees now embrace this slogan, and continue to enhance capabilities as a global company through Doosan's unique value and philosophy. Doosan is working at this very moment to provide the basics necessary for improving the quality of people's lives. Doosan's presence can be found in every area of the infrastructure support business, which encompasses industrial facilities, machinery, heavy equipment and construction. You are invited to watch how we are helping to shape the future for all. Contents Doosan Group 06 2010 Snapshot 07 Doosan Business Portfolio 08 Major Strategies 09 Global Market Position 10 Successful Business Portfolio Change 11 Fast & Profitable Growth 12 Doosan’s Strategy 13 Doosan’s Aspiration Doosan Corporation Doosan Heavy Industries & Construction 16 17 18 20 24 25 28 30 31 2010 Snapshot Overview Our Businesses DIP Holdings 2010 Snapshot Our Businesses Overseas Subsidiaries Research & Development Network Doosan Infracore Doosan Engineering & Construction Doosan Engine 34 2010 Snapshot 40 Research & Development 35 Overview 41 Network 36 Our Businesses 44 2010 Snapshot 45 Overview 46 Our Businesses 49 2010 Snapshot 50 Our Businesses Doosan Capital / Neoplux Other Businesses Appendix 52 2010 Snapshot 53 Our Businesses 56 Our Businesses 60 Global Network 63 Contact Information Doosan Group Global Expansion that Extends our Reach Contents 06 07 08 09 10 11 12 13 2010 Snapshot Doosan Business Portfolio Major Strategies Global Market Position Successful Business Portfolio Change Fast & Profitable Growth Doosan’s Strategy Doosan’s Aspiration Doosan Group 2010 SNAPSHOT KEY FACTS OF DOOSAN GROUP Sales EBIT Market Cap. Total No.of Employees (Unit: KRW in trillions, persons) 24.6 1.9 18.7 38,200 SALES ISB (Unit: KRW in trillions) •Doosan Heavy Industries & Construction •Doosan Infracore •DII •Doosan Construction & Engineering •Doosan Engine •Doosan Mecatec 2010 21.9 89% 2.7 Others 11% •Doosan Corporation •SRS KOREA •Oricom G.total 24.6 100.0% FINANCIAL HIGHLIGHTS (Unit: KRW in trillions)('11(E): International Financial Reporting Standars(IFRS)) 2.3 27.9 24.6 Sales 22.7 21.4 ’08 ’09 18.7 1.9 14.5 1.4 0.8 ’10 ’11(E) EBIT ’08 ’09 11.9 ’10 ’11(E) Market Cap. ’08 ’09 ’10 Doosan Group DOOSAN BUSINESS PORTFOLIO ISB (Infrastructure Support Business) Doosan Heavy Industries & Construction Doosan Infracore Doosan Construction & Engineering Doosan Engine, Doosan DST Doosan Industrial Vehicle, Doosan Mottrol Other Businesses Doosan Corporation Doosan Bears, Oricom Doosan Feed & Livestock SRS Korea, Doosan Tower, Doosan Cuvex Doosan Dong-A 7 Doosan Group MAJOR STRATEGIES MAJOR STRATEGIES OVER THE LAST 15 YEARS AND FUTURE DIRECTIONS 1996 •Divestiture of beer and soft drink operations •Operation improvement, introduced performance improvement program •Capital structure improvement (Debt-to-equity ratio lowered from 688% to 216%) 2000 •New start [2G Strategy : Growth of people, Growth of business] •Growth strategy through mergers & acquisitions •Major Acquisitions - AES (now Doosan Hydro Technology) (US, ’05) - Mitsui Babcock (now Doosan Babcock) (UK, ’06) - Kvaerner IMGB (now Doosan IMGB) (Romania, ’06) - Yonhap Capital (now Doosan Capital) (Korea, ’06) - Yantai Yuhua (now DISD) (China, ’07) - CTI Engine (now CTI Engine) (US, ’07) - Three units, including Bobcat acquired from Ingersoll-Rand (now DII) (US, ’07) - Dongmyung Mottrol (now Doosan Mottrol) (Korea, ’08) - BNG Securities (Korea, ’08) - Moxy Engineering (now Doosan Moxy) (Norway,’08) - Skoda Power (Czech, ’09) - AE&E Chennai Works (India, ’11) > - Korea Heavy Industries (now Doosan Heavy Industries & Construction) - Koryo Industrial Development (now Doosan Construction & Engineering) - Daewoo Heavy Industries & Machinery (now Doosan Infracore) 2006 •Management System Upgrade Successful Restructuring Acquire Growth Engines & Transform the Portfolio Lay Groundwork for Global Leadership Doosan Group GLOBAL MARKET POSITION HEADING FOR GLOBAL LEADERSHIP Doosan Group's Surging Global Sales (Unit: KRW in trillions) 3.4 12% 0.4 88% 3.0 24.6 55% 13.5 Global Market Position Doosan Heavy Industries & Construction •Water plants: 1st in the world (M/S 56.7%)* •HRSG**: 2nd in the world (M/S 15%) •Crankshafts: 3rd in the world (M/S 22.8%) •Mold steels: 4th in the world (M/S 7.5%) •Work rolls: 4th in the world (M/S 8.5%) •Rudder horns: 2nd in the world (M/S 22.4%) •Hydro-turbine (blade) forging: 4th in the world (M/S 6.4%) •Low-pressure turbine rotor shafts: 4th in world market share (M/S12.9%) Doosan Infracore 45% 11.1 •Excavators:1st in accumulated M/S in China •Skid steer loaders/Compact track loader: 1st in the world (M/S 39%) •Mini-excavators:3rd in the world (M/S 8%) •Attachments:1st in the world (M/S 8%) •Portable Air Compressors:1st in the world (M/S 28%) •Machine Tools:4th in US and 5th in the world Doosan Engine 1998 2010 Global Sales Domestic Sales •Marine engines: 2nd in the world (M/S 25%) * Based on 10MIGD ** HRSG : Heat Recovery Steam Generator 9 Doosan Group SUCCESSFUL BUSINESS PORTFOLIO CHANGE DOOSAN GROUP REVENUE SUCCESSFUL PORTFOLIO RESTRUCTURING Acquiring Growth Engine From Other Businesses to Infrastructure Support Business 24.6 77% 22.7 79% 33% 21.4 77% 89% ISB 18.5 Inorganic Growth 78% 67% Restructuring 14.2 71% Others 7.2 6.9 3.4 ’96 49% 49% 4.9 ’98 Organic Growth 3.4 ’00 ’02 ’04 ’06 ’07 ’08 ’09 ’10 11% 1998 (Unit: KRW in trillions) 2010 Doosan Group FAST & PROFITABLE GROWTH THE GROUP’S VALUE HAS SURGED 37-FOLD SINCE 1998. SALES (Unit: KRW in trillions) EBIT (Unit: KRW in trillions) 24.6 CAGR 18% MARKET CAP. (Unit: KRW in trillions) 18.7 1.9 CAGR 23% 37X 11.9 10.7 0.3 6.9 3.4 ’98 2.0 0.2 ’02 ’10 ’98 0.9 0.5 ’02 ’10 ’98 ’02 ’04 ’06 ’08 ’10 11 DOOSAN’S STRATEGY WHERE TO COMPETE HOW TO COMPETE 2G strategy : Virtuous cycle of personnel and business growth Growth of People ISB •People Program •Aggressive compensation, meritocracy •Open-door policy •Doosan Leadership Institute (HR Development) Growth of Business ▶ Doosan Group 2G Strategy •Focus on income sources ▶ •Business spectrum •Acceleration through mergers (corporate value enhancement) Speed-up through M&A : Acquiring technology, skill, products, and market leadership by paying fair price Source of income : Striving to be a world leading ISB company by continuously discovering growth engines Doosan Group DOOSAN’S ASPIRATION A company operated by A company whose A company with talented people global standards are the source of competitiveness global competitiveness and transparent accounting standards joining the world’s Top 200 by 2020 13 Doosan Corporation Diversified Company that Enriches Life Contents 16 17 18 20 2010 Snapshot Overview Our Businesses DIP Holdings Doosan Corporation 2010 SNAPSHOT OVERVIEW (Unit: KRW in billions, persons) Sales EBIT Market Cap. Total No.of Employees 1,606 132 4,145 2,782 SALES (Unit: KRW in billions) Electro-Materials Mottrol* Fashion Glonet 2010 Information&Communication Others G.total 732 216 224 240 175 19 45.6% 13.4% 13.9% 15.0% 10.9% 1.2% 1,606 100.0% * Motttrol was merged in 2010 FINANCIAL HIGHLIGHTS (Unit: KRW in billions)('11(E): IFRS) 1,965 4,145 262 1,736 1,606 2,555 132 2,497 87 1,218 Sales ’08 ’09 53 ’10 ’11(E) EBIT ’08 ’09 ’10 ’11(E) Market Cap. ’08 ’09 ’10 Doosan Corporation OVERVIEW VALUE STRUCTURE OF DOOSAN CORP. AS A HOLDING COMPANY Doosan Corporation is a holding company that possesses three core values:operational value, investment value and intangible value. A new system is being established to ensure simultaneous profit and growth from ongoing businesses (electronic materials, Mottrol, import/export, Information & Communications). Doosan Corporation is a growing global parts maker for the infrastructure support business. Operation Value Established Businesses New Growth Engines Innovate, maximize cash flow, seek new business models Develop new growth engines that also stimulate growth in other Group companies - Portfolio expansion into ISB parts and technology with Doosan Mottrol merger (2010) Operation Value Investment Value Corporate Value Investment Value Subsidiaries Other held assets Doosan Heavy Industries & Construction, DIP Holdings Real estate, treasury stocks Intangible Value Intangible Value 'Doosan' Brand Management Provide other Group companies with management capabilities and 'Doosan' brand value 17 Doosan Corporation OUR BUSINESSES Doosan Corp. is Korea’s oldest business operation, tracing its roots back to 1896 with the opening of the Park Seung-jik Store. Current portfolio consists of three Business Groups (Electro-Materials, Mottrol and Glonet) and one Business Unit (Information & Communications). The Doosan Group acquired Doosan Mottrol (previously Tongmyung Mottrol), Korea's leading maker of hydraulic machinery, to secure a new growth business. This company subsequently merged with Doosan Corporation in 2010, expanding its involvement in the infrastructure support business and technology-intensive areas. Electro-Materials Doosan supplies top-quality copper clad laminate (CCL), an essential material for printed circuit boards. Our product lines include epoxy-based CCL (for PCBs in high-performance electronics such as computers, LCDs, mobile phones, digital communications, and handsets), and phenol-based CCL (for PCBs in TVs, VCRs, audio players, refrigerators, washing machines, CD-ROM drives, and DVD-ROM drives). ■Major Products: copper clad laminate (CCL) for printed circuit / boards (PCBs) / materials for flexible PCBs prism sheet / OLED materials Mottrol Doosan Mottrol is the largest maker of hydraulic machinery in Korea. The company applies hydraulic, electric and electronic technologies to produce hydraulic motors and pumps for construction equipment, electric forklift trucks, and hydraulic systems for the defense industry. An ongoing R&D program has enabled Mottrol to localize the production of various kinds of hydraulic equipment. In 2006, the Ministry of Commerce, Industry and Energy designated Mottrol's traveling motor for excavators as a "World Best Product." ■Major products: hydraulic motors & pumps for construction equipment and electric forklifts / hydraulic systems for military hardware Doosan Corporation OUR BUSINESSES Glonet Doosan Group started out in trading in 1896 and has remained in the business for 115 years. The trading arm was renamed Glonet in 2007, and the business portfolio was reorganized to put greater weight on profitability than on import-export activities. The biotech unit at the R&D Center was also merged with Glonet. As a result, the company has started as a provider of services ranging from trading and logistics to biotechnology. ■Major products and services: imported food ingredients / chemicals / bio-tech products construction equipment leasing Information & Communications Doosan Information & Communications specializes in IT service packages for Doosan Group's operations worldwide. The company leverages more than thirty years' experience and a global network of IT service partners to provide consulting, integrate IT systems, establish new applied systems and build IT infrastructure to Doosan affiliates. ■Major products and services: groupware / networks / ERP / ASP 19 Doosan Corporation DIP HOLDINGS As a holding company, Doosan Corporation has participated in mergers and acquisitions to secure new revenue sources and bolstered the competitiveness of existing business lines. In 2009, we established DIP Holdings and included Doosan DST and SRS Korea as subsidiaries. In 2011, DIP Holdings also included Doosan Forklifts as a subsidiary and as such, we have further bolstered our business capabilities and spearheaded to global markets. Doosan Corporation's transition to a holding company has resulted in a more advanced governance structure and improved the efficiency of investments, raising corporate value and strengthening competencies. Doosan DST Doosan Defense Systems & Technology (Doosan DST) obtained government permission to participate in the defense industry in 1973 and has played an important role in improving Korea's self-defense posture by developing and producing an impressive array of high-precision and high-tech weapon systems. These include K200 armored fighting vehicles and surface to-air guided weapon systems, such as the Biho ("Flying Tiger") and Chunma ("Pegasus"). Doosan DST's technology is gaining recognition internationally as well. Since the first export of K200 armored fighting vehicles to Malaysia in 1993, we exported Barracuda (4x4) armored wheeled vehicles to Indonesia in 2004. In 2009, we made a contract to export the Blackfox (6x6 and 8x8 armored wheeled vehicles) to Indonesia and currently are producing the products. Doosan DST aims to remain on the forefront of the future defense industry by leveraging our excellent technology and executing differentiated export strategies. ■Major products: short-range missile systems / 30-mm self-propelled anti-aircraft weapons systems / K-21 infantry fighting vehicles / naval gun systems and torpedo launching systems (Unit: KRW in billions) ’10 ’09 ’08 Sales EBIT ’08 532 15 ’09 706 60 ’10 971 110 Doosan Corporation DIP HOLDINGS Doosan Industrial Vehicle Doosan started the forklift business in 1967 and has successfully developed its own engines and transmissions, core parts, since the first development of its priprietary forklift model in 1993. Annual output capacity now stands at 35,000 high-quality forklifts in more than 150 different models produced at plants inside and outside of Korea. Doosan Forklifts Co., Ltd. joined DIP holdings in 2011. ■Major products: diesel-powered forklifts / gasoline LPG-powered forklifts / electric-powered forklifts SRS Korea Established in 2004, SRS Korea manages 142 KFC restaurants, 113 Burger King restaurants and 7 Lente shops, a coffee and bakery brand in Korea. SRS also engages in the concession business, operating food and beverage outlets at Incheon International Airport, Yonsei University Hospital and the Doosan Tower. 21 Doosan Heavy Industries & Construction Global Leader in Power and Water Contents 24 25 28 30 31 2010 Snapshot Our Businesses Overseas Subsidiaries Research & Development Network Doosan Heavy Industries & Construction 2010 SNAPSHOT OVERVIEW (Unit: KRW in billions, persons) Sales EBIT Market Cap. 7,780 637 9,079 Total No.of Employees 15,564 *Overseas employees included SALES DPS 2,999 1,214 435 795 1,227 1,527 G.total 8,197 100.0% Power Plants (Unit: KRW in billions) Nuclear Power Plants Water Plants 2010 Castings & Forgings Construction 36.6% 14.8% 5.3% 9.7% 15.0% 18.6% * Not including transactions among internal units FINANCIAL HIGHLIGHTS (Unit: KRW in billions) ('11(E): IFRS) 9,330 7,030 637 7,685 7,780 504 9,079 650 8,576 534 6,602 Sales ’08 ’09 ’10 ’11(E) EBIT ’08 ’09 ’10 ’11(E) Market Cap. ’08 ’09 ’10 Doosan Heavy Industries & Construction OUR BUSINESSES Doosan Heavy Industries & Construction was established in 1962 and today the portfolio spans casting and forging, thermal and nuclear power plants, desalination plants, and material handling equipment for customers around the world. Doosan boasts outstanding competitiveness in plant constructions as well as infrastructure projects such as roads, ports and railways. Doosan Heavy Industries & Construction has won orders for major power plant projects in China, India, Southeast Asia and other emerging markets. In 2010, Doosan Power Systems (DPS) was established in order to make further inroads European and American markets. Doosan Heavy Industries & Construction leads the world market for desalination plant construction and has patented technologies for each of the three major methods: multistage flash (MSF) distillation, multi-effect distillation (MED) and reverse osmosis (RO). In line with recent global trend of environment regulation reinforcement, our R&D focus has been on green industries such as carbon capture & storage (CCS), wind power generation and fuel cells for the future. With a recent acquisition of DEWI-OCC certification for 3 MW offshore wind turbine systems, our developments are providing a solid platform for the global market. EPC *The sales for each unit do not include results from overseas subsidiaries. EPC sector performs every process from design and fabrication to procurement, installation and commissioning taking charge of massive EPC projects in the Middle East, India and Southeast Asia. In 2011, our extensive know-how will be leveraged by integrating engineering and construction capabilities in order to take our competitiveness still higher. ■Major areas: plant construction / civil works / building construction * In May 2011, construction BG and EPC sector of power BG were integrated. (Unit: KRW in billions) ’08 ’09 ’10 Backlog 2,722 2,792 3,823 Orders 1,513 1,017 2,457 Revenue 759 946 1,227 25 Doosan Heavy Industries & Construction OUR BUSINESSES *The sales for each unit do not include results from overseas subsidiaries. POWER > The Power Plant Division operates as an engineering, procurement and construction (EPC) contractor, performing all processes in house, from engineering design to materials fabrication, facility installation, commissioning and construction. Original technologies and essential production facilities for three major areas-boilers, turbines and generators have been secured with the recent acquisition of Doosan Babcock in the UK and Skoda Power in the Czech Republic. We have led the HRSG market with an average 14.5% share over the past ten years, from 2001 through 2010. > ■Major areas: boilers / turbines & generators / conveyance equipment (Unit: KRW in billions) ’08 ’09 ’10 Backlog 5,773 4,778 9,650 Orders 3,833 2,430 7,823 Revenue 3,488 3,423 2,951 NUCLEAR POWER PLANTS The Nuclear Power Plant Division is equipped with a fully integrated production and management system that covers materials procurement, component design, fabrication, maintenance and repair & replacement services. The Division expanded into the overseas nuclear power market in the late 1990s and has won orders for reactors, steam generators and other main equipment for nuclear power plants from the US and China. Doosan Heavy Industries & Construction was selected to supply the nuclear steam supply system (NSSS) for a massive nuclear power plant project in the UAE awarded to Korea Electric Power Corp. at the end of 2009. In 2010, the Division manufactured its first next-generation nuclear power plant, the APR 1400, and completed the R&D for a nuclear power plant man-machine interface system (MMIS) and reactor cooling pump (RCP). ■Major areas: reactor vessels / reactor vessel internals / steam generators / balance of plant (Unit: KRW in billions) ’08 ’09 ’10 Backlog 2,375 3,315 4,372 Orders 1,230 1,716 2,275 Revenue 570 776 1,219 Doosan Heavy Industries & Construction OUR BUSINESSES *The sales for each unit do not include results from overseas subsidiaries. WATER PLANTS Doosan Heavy Industries & Construction won its first order in the Middle East back in 1978. The technologies and operational competencies developed since then have made the company the world leader in the desalination plant business. The Water Business Group is diversifying its business portfolio by entering the water treatment market through a strategic alliance with Carollo, the largest water treatment engineering firm based in the US. Overseas, the Water Business Group has solidified its position as a leading global builder of desalination plants by winning the contracts for Ras Az Zawr project, the world's largest desalination plant and the Yanbu MED project, the world's largest unit-capacity MED plant in 2010. ■Major areas: MSF desalination units / reverse osmosis (RO) plants / multi-effect distillation (MED) systems (Unit: KRW in billions) ’08 Backlog 1,429 Orders 1,632 Revenue 320 ’09 ’10 838 2,143 35 1,744 626 435 CASTINGS & FORGINGS The Castings & Forgings Division began operating in 1982 and today it is capable of producing materials and parts for power plants and steel mills, crankshafts for marine engines, mold and tool steel, and various items for industrial use. The Division has continued to identify new product candidates for Doosan in 2010, and low-pressure turbine rotor shafts were added to the divisions list of "World Best Product” categories, which now numbers six. ■Main products: materials and parts for power plants / parts for ships and marine engines / iron- & steelmaking equipment / mold & tool steel (Unit: KRW in billions) Backlog Orders Revenue ’08 524 713 662 ’09 538 846 728 ’10 566 801 774 27 Doosan Heavy Industries & Construction OVERSEAS SUBSIDIARIES DOOSAN POWER SYSTEMS (DPS) > Doosan Power Systems (DPS) serves the American and European power generation markets. The strong competitiveness of Doosan Babcock in the UK and Skoda Power in the Czech Republic is allowing Doosan to make inroads into the market for boiler, turbine and generator (BTG) packages. Of note, Doosan Babcock possesses original technologies for boiler design, engineering and production. The company has world-class competitiveness in low-carbon power generation, which includes oxygen-enriched combustion. DOOSAN CHENNAI WORKS Chennai Works, which joined the Doosan Group in 2011, is a manufacturer of boilers for coal-fired thermal power plants. The company is located in Chennai, India. Major products include water walls, coil, and headers for boiler systems with capacities of 300MW and lower. Via Doosan Chennai Works, Doosan is ready to offer optimal solutions and services tailored to the local needs of the Indian market. > SKODA POWER > > Skoda Power owns original technologies for 50Hz steam turbines, which represent 85 percent of global turbine demand. The company has been producing turbines since 1904 and has supplied more than 450 units to customers in 62 countries to date. Skoda Power boasts world-class competitiveness in turbine design and fabrication as well as in upgrading, maintenance and repair services. Doosan Heavy Industries & Construction OVERSEAS SUBSIDIARIES DOOSAN ENGINEERING & SERVICES In September 2008, Doosan concluded a strategic alliance with Burns and Roe, a world-class power plant engineering firm, to bolster engineering competencies. This partnership brought about the establishment of Doosan Engineering & Services (E&S) in New Jersey, U.S. Doosan E&S serves as a conduit for engineering technology and know-how from Burns and Roe. DOOSAN IMGB Established in 1963, the company is the largest forging and casting company in Romania with an annual production capacity of 140,000 tons. With a 13,000-ton press, Doosan IMGB has secured world-class competitiveness in the area of water power plants, mainly exporting to Europe, America and China. DOOSAN VINA Doosan Vina is a global production base inside the Dung Quat Industrial Complex in Vietnam. Completed in May 2009 after more than two years of construction, Doosan Vina has 5 production plants and is fully equipped with its own port and harbor facilities. The plants produce boilers, HRSGs, sea water desalination plants and transportation facilities. Doosan Vina aims to raise productivity to that of the Changwon plant by 2011 by cultivating local technical personnel and improving efficiency. Doosan Vina also plans to achieve $330 million in sales by 2020. 29 Doosan Heavy Industries & Construction RESEARCH & DEVELOPMENT The people at Doosan Heavy Industries & Construction recognize that technology will determine the future and are dedicated to developing technology for exclusive products. Core research areas include thermal and nuclear power generation as well as various water-related areas. At the same time, the company is also making a significant investment on the development and commercialization of low-carbon power generation technologies and new & renewable energy sources to help address the problems of fossil fuel depletion and global climate change. The in-house R&D center was initially established in 1984. In 2005, new facilities were opened at Daedeok Innopolis (a research complex at Daejeon) and Yong-in Suji to work on technologies that can become future business opportunities. The following year, water R&D centers were then established in Dubai and Tampa, Florida (U.S.). Doosan Babcock, which was acquired in 2006, also opened a new R&D facility in 2007. Power Water Nuclear Green Technology Major Research Areas - Boilers, turbines - System engineering - Forged shells - Single-piece heads - Back-up rolls - MSF - MED - Hybrid - MMIS comprehensive performance inspection equipment - Improved reactor core protection, core protection calculators - CCS - Advanced Coal Power Plants - Renewables Research Organizations - Power Generation System Development Center - Materials Development Center - Mideast R&D Center - American R&D Center - Yong-in Suji R&D Center - Doosan Babcock R&D Center - HTC Purenergy - Fuel Cell Development Center - Wind Power Technology Team - Future Business Technology Development Center Major Facilities - Turbine performance testing - RO, MED pilot testing - Nuclear Instrumentation & Control Laboratory - OxyCoalTM Clean Combustion Testing - Fuel Cell Testing Laboratory - CO2 Capture Test Facility (ERTF_Emission Reduction Test Facility) CCS Advanced Coal Power Plant PCC Oxy-fuel - After combustion, CO2 is separated from the other emissions (N2, O2, SOX, NOX) and captured. - In Sept. 2008, Doosan Heavy secured proprietary technologies by purchasing an equity stake in HTC of Canada and signing a technology sharing agreement. - Pure oxygen is injected into the coal furnace, rather than air, reducing all emissions to CO2, which is easy to capture. - Doosan Babcock successfully tested a commercially- viable 40MW OxyCoalTM clean combustion test facility in July 2009. IGCC - The coal at the power plant is gasified and refined before being used as fuel. - A 300MW IGCC Plant has been under Design in association with Doosan, Korea Western Power and others since 2006. Renewable Wind Power Fuel Cells - Asia's first 3MW offshore wind power generation system has been developed. - A pilot wind farm was completed on Jeju Island in October 2009. - Acquired internationalcertification from DEWI-OCC in 2010 - Proprietary technology is under development (2007-10) on a high-efficiency 300KW MCFC stack and system. - Proprietary Multi MW Class MCFC system for hybrid plant is also being developed (2008-2013). Doosan Heavy Industries & Construction NETWORK Overseas Orders in 2010 (Unit: KRW in billions) Doosan Power System Europe, Essen, Germany Frankfurt Office, Germany > Skoda Power Doosan Power System, Crawley, UK Doosan Power System, Renfrew, UK Asia 1,116 Europe 8,669 (0.9%) (7.2%) Doosan IMGB, Romania Cairo Office, Egypt Kuwait Office, Kuwait China 787 Middle East 86,229 (71.9%) (0.4%) Beijing Office, china India 15,677 (13.1%) Bangkok Office Riyadh Office,Saudi Arabia Doha Office, Qatar Abu Dhabi Office,UAE Middle East Operations Center, Dubai, UAE Doosan Water Dubai R&D Center Dubai Office U.S 523 (0.7%) Doosan Heavy Industries Japan Corp., Tokyo, Japan Shanghai Office Doosan HF Controls, TX, USA Taipei Office Hanoi Office Doosan Heavy Industries Vietnam Haipong Doosan Heavy Industries Vietnam(Doosan VINA) Jakarta Office, Indonesia Doosan Chennai Works Pvt.,Ltd Chennai Office, India Hyderabad Office, India Mumbai Office, India New Delhi Office, India Pittsburgh Office, Pennsylvania,USA Doosan Hydro Technology, Tampa, USA Doosan Waer Tampa R&D Center, USA Tampa Office,USA Hanjung Power Papua New Guinea Sydney Office Doosan Power Systems, America Ltd. Doosan Engineering & Service, Montvale, USA Schenectady Office, New York, USA Windsor Office, Connecticut, USA Doosan Heavy Industries America Corp., New Jersey, USA Doosan Engineering & Services, New Jersey, USA Santiago Office, Chile Elsewhere 6,912 (5.8%) Total 119,914 (100.0%) 31 Doosan Infracore Global ISB Innovator Contents 34 35 36 40 41 2010 Snapshot Overview Our Businesses Research & Development Network Doosan Infracore 2010 SNAPSHOT OVERVIEW (Unit: KRW in billions, persons) Sales EBIT Market Cap. Total No.of Employees 7,954 653 4,717 12,870 SALES (Unit: KRW in billions) Engines & Materials 5,953 74.8% 1,030 13.0% 468 5.9% 503 6.3% G.total 7,954 100.0% Construction Equipment Machine Tools 2010 Forklifts * DII Icluded FINANCIAL HIGHLIGHTS (Unit: KRW in billions) ('11(E): IFRS) 922 4,717 9,403 7,954 653 5,538 2,752 342 4,435 2,447 -232 Sales ’08* ’09 ’10 ’11(E) The figures starting from 2009 include results at DII * Excluded DST from 2008 EBIT ’08 ’09 ’10 ’11(E) Market Cap. ’08 ’09 ’10 Doosan Infracore OVERVIEW Doosan Infracore started out as Chosun Machine Works in 1937 and has led the development of the Korean machinery industry as its largest machinery maker. In Korea, the company operates a production plant in Incheon, and two in Changwon, and one in gunsan that produce construction equipment, machine tools and diesel engines for sale at home and abroad. Doosan Infracore is also a global enterprise with local factories for excavators, and machine tools in Europe and China. In addition, local sales subsidiaries and large-scale dealer networks are also in place in the US, UK, Germany, China, India, Japan, Brazil and other countries. In November 2007, the company laid the groundwork for rapid global expansion by acquiring three units from Ingersoll-Rand in the US, including Bobcat, the world's most competitive maker of compact construction equipment. 35 Doosan Infracore OUR BUSINESSES CONSTRUCTION EQUIPMENT (Unit: KRW in billions) Sales Breakdown Doosan Infracore is the construction equipment arm for Doosan and leads Doosan's infrastructure support business (ISB) segment, our growth engine and important bridgehead for global business expansion. Since the company first developed its own excavator model in 1985, Doosan Infracore has continued to expand its business domain and product lineups, securing the top market position in Korea’s construction equipment industry. In addition, Doosan Infracore's global operations keep expanding with Bobcat for compact construction equipment, Montabert for attachments and Doosan Infracore Portable Power for air compressors. ■Major products: excavators / wheel loaders / skid steer loaders / compact loaders / mini-excavators / telescopic handlers / air compressors / articulated dump trucks (ADT) ’10 AP/E(Asia Pacific, Emerging region) 1,169 / 19.6% NA (North America) 1,193 / 20.0% China 2,348 / 39.4% EMEA (Europe, Middle East, Africa ) 840 / 14.1% Others 403 / 6.8% Sales EBIT ’08* 2,132 132 ’09 4,184 -213 ’10 5,953 490 (*08 DII excluded ) •Doosan Doosan currently operates large-scale factories in Korea, China, and Belgium to produce DX excavators, DL wheel loaders, zero-tail-swing excavators and other construction equipment. We have also established numerous overseas sales subsidiaries and branches as well as a worldwide dealership network, making us a truly global player in every respect. Importantly, in China, we boast the largest aggregate excavator sales of any manufacturer and have been ranked first in customer satisfaction for 7 consecutive years. •Bobcat Based in North Dakota, Bobcat Company was the first to develop compact construction equipment and has remained solely committed to this business for more than half a century. Bobcat has a global production system that spans North America, Europe and Asia, with a product lineup that includes skid-steer loaders, mini excavators, mini track loaders, compact track loaders and telescopic tool carriers. The highly popular Bobcat brand of equipment is supplied to work sites around the world. Doosan Infracore OUR BUSINESSES •Portable Power Portable Power is 140 years old and produces compressors, generators, lighting systems and other items famous for reliability and durability. Our lineup offers innovative solutions for manufacturers, builders and mining companies. Portable Power's products have played important roles in the maintenance of world-famous structures such as Mt. Rushmore, the Hoover Dam, the Georges Dam and the Channel Tunnel. Currently, Portable Power enjoys the top share of the world market for air compressors. Portable Power is responding to changing needs at work sites by adding smaller, lighter models as well as concrete equipment, truck-mounted equipment and portable security systems. •Attachments Doosan Infracore has three outstanding brands: Montabert, Tramac and Geith. The 50-year-old Montabert line encompasses hydraulic rock breakers, demolition attachments, pulverizers, rock drill attachments and other machinery used in construction and demolition. Hydraulic rock breakers, demolition tools, vibration compactors and cutting heads are sold under the Tramac brand, while Geith products are attached to excavators, wheel loaders, track loaders and backhoes for construction, excavation, demolition and scrap iron recovery. •Doosan Moxy Headquartered in Molde, Norway, Doosan Moxy possesses the patented technology for articulated dump trucks (ADTs) ranging from 23 to 46 tons. A sales subsidiary in the U.S. and R&D Center in Norway are helping the company to increase market share in North America and Europe. ADTs are required equipment in the development of large mining sites and construction on rugged terrain. 37 Doosan Infracore OUR BUSINESSES MACHINE TOOLS (Unit: KRW in billions) The Machine Tools Division has cutting-edge technology and produces world-class machine tools. The Division has remained committed to R&D since entering the business in 1976, developing its first turning center model by 1980 and subsequently coming out with numerous high-precision machine tools. Doosan Infracore is advancing towards is the world’s third ranked machine tool maker and has received various certifications for quality control and environmental management, including ISO 9001, ISO 14001, CE, UL, EMI and EMC. ■Major products: turning centers / machining centers / ultra-precision aspheric turning centers / CNC boring machines / electric discharge machines / 5-axis machining centers / flexible manufacturing systems / machining systems / assembly systems Sales Breakdown Global :570 / 55.3% Domestic:460 / 44.7% Sales EBIT ’08 1,076 115 ’09 508 -60 ’10 ’10 1,030 81 ENGINES & MATERIALS (Unit: KRW in billions) Doosan Infracore began producing diesel engines in 1958. Today the Engine & Materials Division produces various diesel engines for buses, trucks and industrial uses in a large factory with shops for engine assembly, materials, parts fabrication and machining. The mass-production operation was built in 1975, and the first proprietary engine models were completed a decade later. The Division developed its first Euro-4-compliant diesel engine in 2007. In 2008, the Engines & Materials Division established a compressed natural gas (CNG) engine factory in the United States, followed by a factory with annual output of 50,000 diesel engines in Xuzhou, China. Production is slated to start in late 2011. ■Major products: diesel engines for commercial vehicles / construction equipment / generators / ships and diverse gas engines; castings for engines and vehicles / materials for hydraulic parts Sales Breakdown Global :244 / 48.5% Domestic:259 / 51.5% Sales EBIT ’08* 456 48 ’09 450 49 ’10 ’10 503 62 *08 parts business excluded Doosan Infracore OUR BUSINESSES Production Capacity in 2010 Annual Domestic Production Annual Overseas Production Construction Equipment China 22,600 excavators 6,500 wheel loaders Construction Equipment 12,500 excavators 1,900 wheel loaders *Gunsan Plant : 1,300 excavators North America 22,400 skid steer loaders 9,600 compact track loaders 7,200 mini excavators Machine Tools 10,560 turning centers & machining centers Europe Engines & Materials 75,000 diesel engines Norway_ 240 ADTs Belgium_ 1,200 excavators Czech_ 10,000 skid steer loaders 5,200 mini excavators 570 compact track loaders Machine Tools DIY (China) 1,800 turning centers & machining centers 39 Doosan Infracore RESEARCH & DEVELOPMENT Future-oriented technology that will propel Doosan Infracore into the world's Top 3 ISB players. Global Top 3 Construction Equipment Maker Steady expansion of R&D breakthroughs: eco-friendly, intelligent, and highly emotional technologies Reinforcement of fundamental technologies: better durability, higher productivity, in-house designs Enhancement of R&D infrastructure: advanced R&D processes and a global R&D network •Reliability Evaluation Center : Tasked with ensuring the reliability of excavators, forklifts, machine tools and diesel engines during every stage of development. It is the largest institution of its kind in Korea, with 13 state-of-the-art laboratories for ensuring worldclass product quality. •R&D projects : Focusing on basic technologies for raising the competitiveness of current products, advanced eco-friendly technologies to satisfy tighter fuel efficiency regulations; intelligent, highly emotional technologies oriented for future customer value. •Global R&D synergy : Global construction equipment engineering alignment activities create synergy through sharing and exchanging global R&D capabilities for construction equipment at Doosan Infracore operations around the world. 2010 R&D Achievements by Business Construction Equipment •Mass produced new hybrid excavator and forklift models •Technology for lightening the front of excavators (completed R&D, to be applied in V38 front mass production) •Tier-IV-compliant mid- and large-sized excavators/wheel loaders and integrated control device •New hydraulic system for Tier-IVcompliant excavators •Multimedia integrated display •Tele-management system (TMS) for construction equipment •2 models for Bobcat's next-generation articulated excavators (Sirius MEX E14, E16) •3 models for Bobcat's next-generation M-Series excavators (E42, E45, E50) and 2 loader models (S850, T870) •4 models for Bobcat's Utility Vehicles (3200, 3400, 3450, 3400XL) •4 models for Bobcat's Telescopic Handlers (TR35160, TR45190, TR50210, TR40250) Machine Tools Engines & Materials •Interactive CNC program •Technology to reduce disturbances in feed system •Technology to reduce turning center thermal displacement •Horizontal machining center for powerful cutting (NHM8000) •3-axis bridge machining center (BM2740P) •Compact NC boring machine (DBC110S) •Mid-sized (PUMA 3100) and heavy-duty (PUMA 700XLY) turning centers •Mid-sized Swiss turn (PUMA ST32G) •Green engine technology to comply with stricter emissions regulations •Euro-V-compliant diesel engines and natural gas engines for commercial vehicles •US2010-compliant CNG engines •1500hp engine for battle tanks Doosan Infracore NETWORK Sales (Unit: KRW in billions) Geith International Ltd. Doosan Infracore China Co., Ltd. Xi’an Branch EMEA Doosan Infracore Construction Equip. HQ Xuzhou Xugong Doosan Engine Co., Ltd. Doosan Infracore China Co., Ltd. (Construction Equip.) Doosan Infracore Machine Tools Yantai Co., Ltd. Doosan Infracore America Corp. (Machine Tools) Bobcat Company Bobcat Company Bobcat Company Bobcat Company Bobcat Company Doosan Infracore America (Engines) Doosan Infracore China Investment Co., Ltd. Doosan Infracore China Co., Ltd. (Forklifts) Doosan Infracore China., Ltd. Shen Yang Branch Doosan Moxy AS Doosan Infracore Europe S.A. (Construction Equip.) Doosan Infracore Germany GmbH. (Machine Tools) Doosan Bobcat Manufacturing s.r.o. Doosan Infracore Russia (Construction Equip.) China 25,734 EMEA Europe, the Middle East & Africa 11,367 Doosan Infracore China Co., Ltd. Cheng Du Branch Doosan Portable Power Japan Doosan Infracore Japan Corp. Bobcat Corp. Japan NA/O North America & Oceania 16,414 Doosan Infracore China Co., Ltd. (Construction Equip.) Doosan Infracore Shandong Co., Ltd. Doosan Infracore Machine Tools Yantai Co., Ltd. Doosan Infracore Portable Power Doosan Infracore China Co., Ltd. HeFei Branch Total 79,541 Doosan Infracore Construction Equip. North America HQ Doosan Infracore International Doosan Infracore Colombia Office (Construction Equip.) AP/E Doosan Infracore India Pvt.Ltd. (Construction Equip.) Doosan Infracore India Technical Center(Machine Tool) Doosan International South East Asia Pte Ltd. (Construction Equip.) Doosan South Africa (Construction Equip.) Asia-Pacific & Emerging Markets 26,026 Doosan Infracore Machine Tools Yantai Co., Ltd. Doosan Infracore Suzhou Co., Ltd. (Construction Equip.) Doosan Infracore do Brasil Servic os de Suporte Comercial Ltda. Doosan Bobcat Chile S.A. Montabert Lyon Doosan Infracore China Co., Ltd. (Engines) Doosan Infracore Machine Tools Yantai Co., Ltd. Guangzhou Office Doosan Infracore China., Ltd. WuHan Branch Production Subsidiaries Sales Subsidiaries 41 Holding Company, China Branches Doosan Engineering & Construction Beginning a brighter world Contents 44 45 46 2010 Snapshot Overview Our Businesses Doosan Engineering & Construction 2010 SNAPSHOT OVERVIEW (Unit: KRW in billions, persons) Sales EBIT Market Cap. Total No.of Employees 2,696 64 749 1,509 SALES (Unit: KRW in billions) 2010 Civil Works Plants Building Works CPE Steel Bridges Others 528 91 1,666 331 74 6 19.6% 3.4% 61.7% 12.3% 2.8% 0.2% G.total 2,696 100.0% FINANCIAL HIGHLIGHTS (Unit: KRW in billions) ('11(E): IFRS) 2,859 114 2,696 115 2,310 ’08 ’09 749 424 64 1,940 Sales 115 ’10 ’11(E) EBIT ’08 ’09 ’10 ’11(E) Market Cap. ’08 534 ’09 ’10 Doosan Engineering & Construction OVERVIEW Doosan Engineering & Construction has acquired extensive experience and technology since its establishment in 1960, laying the groundwork for social and economic advancement for half a century. The company has carried out projects of specially noted ‘Haeundae Doosan We’ve the Zenith’ the tallest 80 story residential building in Korea, the first privately funded subway ‘New Bundang subway line’ at Seoul metropolitan area, and numerous plant construction projects in energy, environment, industrial, storage facility fields in both the domestic and overseas markets. Through the merger with Mecatec in 2010, Doosan Engineering & Construction gained its leverage on expansion of business portfolio to process equipment fabrication business, and continues to strengthen the overseas business with its global leading experience in chemical process equipment(CPE) and steel bridge construction. 45 Doosan Engineering & Construction OUR BUSINESSES CIVIL WORKS Doosan E&C is capable of performing all aspects of civil works projects, from engineering and construction to maintenance and management. The project portfolio includes high-speed railways, subways, roads, bridges, land preparation, land reclamation, and ports. We have laid more highspeed rail track in Korea than any other builder, and we applied the nation's largest diameter shield construction method when building Section 909 of Seoul Metropolitan Subway Line 9. ■Major products: load / highway / railway / subway / tunnel / port / airport / reclamation PLANTS Doosan E&C competes head to head with worldclass builders in the construction of facilities to protect the environment as well as industial facilities that provide the foundation for national competitiveness. Our involvement in energy and environmental plants help nature, people, society and industry to come together as partners for more beautiful world. We have built low-temperature liquefied gas storage tanks and gas processing plants in many countries. ■Major products: chemical and energy plant / environmental plant / industrial plant BUILDING WORKS Architecture is an art form. Without the support of construction technology, architectural masterpieces would not be possible. Doosan E&C applies advanced technological prowess coupled with superb creativity and aesthetic sensibility to creat spaces of great artistic value. At the same time our unique styling puts the finishing touches on spaces that beautify the world around them. The 'Doosan We've' apartment brand is setting new trends in modern living, and our rising brand power provides us with outstanding competitiveness in apartment redevelopment and reconstruction projects. We have built massive residential and commercial structures in Korea's capital region as well as in Busan, Taegu and other major provincial cities, introducing advanced residential culture. ■Major products: residential facility / commercial facility / remodeling / commercial-residential highwise Doosan Engineering & Construction OUR BUSINESSES CHEMICAL PROCESS EQUIPMENT(CPE) Doosan E&C has acquired a privilege of being Global No.1 received orders in large and ultra-large chemical process equipment. Our strategically located and cutting edge factories in Korea and Vietnam, enable us to provide large size towers & columns, customized reactors, heat exchangers and pressure vessels with accumulated fabrication techniques. Doosan E&C became the first Korean company to be qualified as a heavy wall reactor (reactor made of special materials such as forge vanadium) fabrication for Chevron, one of the world's largest oil refiners. The company was also registered in Brazilian national company Petrobras CRCC, within the shortest time period, proving its excellence of CPE all over the world. ■Major products: tower / column / reactor / pressure vessel / heat exchanger / module * Manufacture &delivery of CPE forrefineries, gas processing plants, and petrochemical plants. Acquired ASME stamps (A,PP,U,U2,S) and ISO 9001 certification STEEL BRIDGES Doosan E&C has been recognized as an outstanding long span bridge builder for its superb performance and quality. Our modern facilities, unique design program and various experiences, with a complete 'design-fablicate-installation' process. We advanced into overseas markets for specialty bridge construction and are diversifying our portfolio to include bulk material handling equipment. ■Major products: suspension bridge / russ bridge / cable-stayed bridge / arch bridge * Leader in Korea’s market for specialty bridges: suspension, truss and cable-stayed girder Major projects: Gwangan Bridge, Youngjong Bridge, Machang Bridge 47 Doosan Engine Integrated Diesel Engine Manufacturer Contents 49 50 2010 Snapshot Our Businesses Doosan Engine 2010 SNAPSHOT OVERVIEW (Unit: KRW in billions, persons) Sales EBIT Total Assets Total No.of Employees 1,731 233 1,953 1,280 SALES (Unit: KRW in billions) 1,537 88.8% Medium Speed Diesel Engines, Others 195 11.2% Low Speed Diesel Engines 2010 G.total 1,732 100.0% FINANCIAL HIGHLIGHTS (Unit: KRW in billions) ('11(E): IFRS) 260 2,019 233 1,773 1,735 Sales ’08 1,731 ’09 ’10 ’11(E) EBIT 114 115 ’08 ’09 ’10 ’11(E) 49 Doosan Engine OUR BUSINESSES Doosan Engine is one of the world's foremost builders of low and medium speed marine engines ranging from 700bhp to 115,000bhp, as well as diesel generator engines with maximum output capacities of 200MW. The company now has the world's highest annual production capacity (the equivalent of 12 million bhp) and a 25% share of the world market. Doosan started out in 1984 with an annual capacity of 200,000 bhp and achieved the aggregate production milestone of 70 million bhp in November 2010, a new industry record. The company has also built the world's largest electronically-controlled marine engine. Low Speed Diesel Engines Low speed diesel engines are a mainstay product category, built in technical cooperation with MAN Diesel of Denmark and Wartsila of Switzerland since 1983. These engines are used as the main propulsion system for large containerships, bulk carriers, very large crude carriers, ultra-large crude carriers and other product carriers. Medium Speed Diesel Engines This operation was launched under a technical license from MAN Diesel SA of France in 1983. The lineup, which ranges from 450 to 24,000 kW, includes the main and auxiliary engines on passenger ships and special-purpose vessels as well as engines for commercial or emergency power generation. Diesel Power Plants Doosan Engine entered the diesel power plant business in 1990 with a turnkey project to supply a 40MW low-speed diesel power plant to southern Jeju Island. Since then, we built an 80MW low speed diesel power plants on Guam and completed power plant projects in Papua New Guinea, India, Greece and Eritrea. Parts Sales & Technical Service The global sales network is used to supply customers with parts whenever and wherever they are needed. Doosan Capital/Neoplux Trusted Financial Services Partner Contents 52 53 2010 Snapshot Our Businesses Doosan Capital 2010 SNAPSHOT OVERVIEW (Unit: KRW in billions, persons) Operating Revenue EBIT Financial Assets Total Assets No.of Employees 224 -51 2,405 2,669 253 SALES Others 1,456 291 422 102 124 10 G.total 2,405 100.0% Equipment Leasing (Unit: KRW in billions) Installment Finance General Loans 2010 Factoring Project Financing 60.5% 12.1% 17.5% 4.3% 5.2% 0.4% FINANCIAL HIGHLIGHTS (Unit: KRW in billions) ('11(E): IFRS) 20 369 2,674 2,405 273 224 256 9 1,906 2,006 3 -51 Operating Revenue ’08 ’09 ’10 ’11(E) EBIT ’08 ’09 ’10 ’11(E) Financial Assets ’08 ’09 ’10 ’11(E) Doosan Capital OUR BUSINESSES Since Doosan Capital was founded in 1995, our financial soundness has allowed us to secure leadership in domestic equipment financing. We cover various services from equipment financing (including installment loans and leasing) to general commercial financing (including project financing, factoring, corporate loan, venture capital). Our Chinese subsidiary, Doosan China Financial Leasing Corp. (DCFL) strives to prosper in the Chinese financial market by providing competitive products & services in construction equipment. We will continue to cultivate talent and expand in the US and Europe to serve as a reliable partner who reciprocates trust. Installment Finance Doosan Capital covers purchase cost for items on behalf of the buyer, who repays the principal and interest in an agreed number of installments. Equipment Leasing Doosan Capital directly purchases machinery equipment or other facilities chosen by the client and leases the products back to the client for a prearranged leasing fee. Corporate Loans Doosan Capital provides companies with operating capital through credit loans or mortgage loans. Factoring In addition to purchasing trade receivables (bill claims and accounts receivable), Doosan Capital manages trade receivables, does the accounting on trade receivable and provides management consulting to help companies maintain sufficient capital and run their businesses. 53 Neoplux OUR BUSINESSES As an investment firm specializing in venture capital, corporate restructuring, and operations consulting, Neoplux offers direct investment and related services. In 2002, we organized Korea’s first secondary fund, the Pre-KOSDAQ Secondary Investment Partnership, which primarily invests in stocks held by venture capitalists. We now operate funds totaling W800 billion on behalf of institutional investors. We also offer optimal solutions to corporations and investors that need incubation funds for startups and buyout funds for distressed medium-sized companies with an excellent turnaround potential. Our consulting unit offers systematic and professional services to help clients elevate operations to a world-class level. Corporate Investment Neoplux is engaged in a wide range of investment and finance activities. These include the corporate restructuring business, which involves identifying promising companies and participating directly in them, and consulting services on mergers and acquisitions. Venture Capital Neoplux also targets newly started companies with excellent people and technology but lacking in capital. The firm helps these venture companies to grow and nurtures them into viable businesses, thereby generating return on investment. Consulting Neoplux applies a wealth of experience and expertise to offer consulting services for eliminating inefficiencies in overall operations, from design and R&D to procurement, production, logistics and sales through its various consulting experience and sophisticated specialization. In the process, customers’ business results improve, along with their corporate value. Other Businesses Brand Heritage that Fuels our Growth Contents 56 Our Businesses Others OUR BUSINESSES Doosan Bears The Doosan Bears baseball club won the Korea Series in 1982, the first year for professional baseball in Korea. This storied team has continued to help develop professional baseball in the country. The Bears won the championship again in 1995 and 2001. A new corporate identity and mascot were unveiled in 2010, and new iPhone applications and a mobile homepage for smartphone users were launched to enhance communication with fans. Doosan Dong-A No.1 textbook publisher in Korea, Doosan Dong-A has played an important role in the advancement of education in Korea by developing and distributing: textbooks, educational materials for preschool students, reference books for elementary, middle, and high-school students, language learning texts, more than 60 different dictionaries (including electronic dictionaries), and various educational publications. Thanks to ongoing R&D, our printing business has gained a reputation among domestic and overseas customers for high-quality books, labels, packaging, efficient order handling, and quick turnaround times. Doosan Magazine Doosan Magazine has a license agreement with Conde Nast Publications of the US to publish and distribute premium magazines in Korea that feature distinctive concepts and target-specific readerships. Our titles include the Korean editions of VOGUE the ‘Fashion Bible’, GQ the men’s lifestyle magazine, VOGUE GIRL the No. 1 young fashion magazine, ALLURE the beauty and lifestyle magazine and W the unique and intelligent fashion magazine, with oversize pages and stunning photography. Each publication is the leader in their respective market segments. Others OUR BUSINESSES Doosan Feed & Livestock With acquired experience and technology over four decades, Doosan Feed & Livestock produces more than 120 types of mixed livestock feeds. Our manufacturing system is fully automated from the initial stage of material input to final production, and has an annual output capacity of 360,000 tons. We have established a product safety management system for livestock products in cooperation with the Korean Standards Association (KSA) in 2003. Doosan Tower DOOTA (for "Doosan Tower") underwent a massive renovation in 2009 to celebrate its tenth anniversary and provides the ideal "one-stop" shopping experience. Over 20 million domestic and overseas customers are attracted each year to the diverse and unique product selection at more than 550 retail outlets. DOOTA was first in its industry segment to introduce fixed price tags. The company runs the certified "Best Store" program, an information center for foreign shoppers, and floor manager system as part of innovative approaches being taken to ensure customer satisfaction. Oricom Oricom was established in 1967 as Korea’s first comprehensive advertising agency and has maintained a strong position over the last 40 years for creativity and strategic expertise. The firm offers integrated marketing communication services, including media planning, promotional marketing, public relations, Internet marketing, and brand consulting. Oricom has worked with many multinational companies when they launched their campaigns in Korea and offers marketing communications services to clients worldwide. 57 Others OUR BUSINESSES Doosan Cuvex Established in 1987, Doosan Cuvex is a specialized leisure company committed to providing the best service to customers. The company operates Ladena Golf Club, one of Korea's most prominent golf clubs, and Ladena Resort, a prestigious hotel-type resort. The name "Ladena," (from the words "lake," "garden," and "nature") represents the mission of Ladena Resort to provide customers with "high-class leisure activities in a natural setting that includes a pristine lake and beautiful garden." DFMS In 2004, Doosan Motors was selected as the first Honda dealer in Korea and now sells and services Honda vehicles inside and outside the country. The customer service system provides outstanding quality at a reasonable price and is highly responsive to customer needs, exceeding their expectations to deliver the full value that Honda has to offer. Donghyung Engineering provides the best facilities management service based on our experience and know-how. The company leaped another step forward under the name DFMS as it was merged with Doosan Motors in 2011. Appendix Contents 60 63 Global Network Contact Information Appendix GLOBAL NETWORK Geith International Ltd. Doosan Power System, Crawley, UK EMEA Doosan Infracore Construction Equip. HQ Doosan Infracore America Corp. (Machine Tools) Bobcat Company Bobcat Company Bobcat Company Bobcat Company Bobcat Company Doosan Infracore America (Engines) Doosan Infracore China Co., Ltd. Xi’an Branch Xuzhou Xugong Doosan Engine Co., Ltd. Doosan Infracore China Co., Ltd. (Construction Equip.) Doosan Infracore Machine Tools Yantai Co., Ltd. Beiling Office Doosan Infracore China Investment Co., Ltd. Doosan Infracore China Co., Ltd. (Forklifts) Doosan Infracore China., Ltd. Shen Yang Branch Doosan Power System Europe, Essen, Germany Doosan Moxy AS Frankfurt Office, Germany > Skoda Power Doosan Infracore Europe S.A. (Construction Equip.) Doosan Infracore Germany GmbH. (Machine Tools) Doosan Power Systems, America Ltd. Doosan Engineering & Service, Montvale, USA Schenectady Office, New York, USA Beijing Office Doosan Infracore China Co., Ltd. Cheng Du Branch Windsor Office, Connecticut, USA Doosan Bobcat Manufacturing s.r.o. Doosan Power System, Renfrew, UK Cairo Office, Egypt Riyadh Office Kuwait Office Abu Dhabi Office Doha Office Middle East Operations Center, Dubai, UAE Doosan Water Dubai R&D Center Dubai Office Doosan Infracore Japan Corp. Doosan Porteable Power Japan Bobcat Corp. Japan Doosan Heavy Industries Japan Corp Doosan Infracore China Co., Ltd. (Construction Equip.) Doosan Infracore Shandong Co., Ltd. Shanghai Office Doosan Infracore Russia (Construction Equip.) Doosan Heavy Industries America Corp., New Jersey, USA Doosan Engineering & Services, New Jersey, USA Doosan HF Controls, TX, USA Pittsburgh Office, Pennsylvania,USA Doosan Infracore Machine Tools Yantai Co., Ltd. Doosan Infracore China Co., Ltd. HeFei Branch Doosan Infracore Portable Power Doosan Infracore Construction Equip. North America HQ Doosan Hydro Technology, Tampa, USA Doosan Waer Tampa R&D Center, USA Tampa Office,USA Taipei Office Doosan Chennai works Pvt.,Ltd Chennai Office, India Hyderabad Office, India Mumbai Office, India New Delhi Office, India Doosan Infracore India Pvt.Ltd. (Construction Equip.) Doosan Infracore India Technical Center(Machine Tool) Doosan International South East Asia Pte Ltd. (Construction Equip.) Doosan Engine Singapore Office Doosan South Africa (Construction Equip.) Doosan IMGB Frankfurt Office Montabert Lyon Doosan Heavy Industries & Construction Subsidiaries Hanoi Office Doosan VIVA, Vietnam (Doosan Heavy Industries Vietnam) Bangkok Office Jakarta Office, Indonesia Doosan Infracore International Doosan Infracore Colombia Office (Construction Equip.) Hanjung Power Limited Doosan Infracore Machine Tools Yantai Co., Ltd. Doosan Infracore do Brasil Servic os de Suporte Comercial Ltda. Doosan Bobcat Chile S.A. Doosan Infracore Suzhou Co., Ltd. (Construction Equip.) Sydney Office Doosan Infracore China Co., Ltd. (Engines) Doosan Infracore Machine Tools Yantai Co., Ltd. Guangzhou Office Doosan Infracore China., Ltd. WuHan Branch Doosan Heavy Industries & Construction Branch Offices Doosan Infracore Sales Subsidiaries Doosan Infracore Production Subsidiaries Santiago Office, Chile Doosan Infracore Holding Company, China Doosan Infracore Branches Other Subsidiaries and Branches Appendix GLOBAL NETWORK Doosan Corporation Electro-Materials HONG KONG T 852 2815 2238 F 852 2317 0231 SHANGHAI T 86 21 6465 9398 F 86 21 6465 9658 SHENZHEN T 86 755 8278 8201 F 86 755 8278 8955 SINGAPORE T 65 6862 6327 F 65 6862 6329 TOKYO TAIWAN T 886 3 427 1210 F 886 3 427 5583 Doosan Heavy Industries & Construction Co., Ltd. Overseas Subsidiaries Doosan Power Systems Ltd. 11 The Boulevard, Crawley West Sussex, RH10 1UX, UK T 44 1293 61 2888 F 44 1293 58 4816 Doosan Chennai Works Pvt. Ltd. Doosan Heavy Industry & Vietnam Haipong Co., Ltd. Porterfield Road, Renfrew, PA4 8DJ, UK T 44 141 886 4141 F 44 141 885 3338 18/2A Senneerkuppam Bypass Road, Poonamallee, Chennai 600 056 T 91 44 2649 2050 F 91 44 2649 4012 Doosan Power Systems Americas Ltd. Doosan Hydro Technology, INC. Km 92, National Highway 5, So Dau Ward, Hong Bang District, Haiphong City, Vietnam T 84 31 371 2710 F 84 31 371 2714 5 Paragon Drive, Montvale, New Jersey 07645, USA T 1 201 746 8200 F 1 201 746 8610 Doosan Power Systems Europe Ltd. Bredeneyer Strasse 2b, 45133 Essen, Germany T 49 201 4517 320 F 49 201 4517 328 Skoda Power Ltd. Tylova 1/57 | 301 28 Plzen, Czech T 420 378 185 128 F 420 378 185 900 P.O.Box 2803, Borokom NCD, Papua New Guinea T 675 320 0529 F 675 321 2984 Doosan HF Controls Corp. Overseas Branches Americas 1624 West Crosby Road, Suite 124 Carrollton, TX 75006, USA T 1 469 568 6526 F 1 469 568 6589 Doosan IMGB 104 Berceni Road, Bucharest 4, Romania T 40 21 301 3745 F 40 21 301 2502 Doosan Power Systems India Pvt. Ltd. Doosan Enginering & Services Llc NEW DELHI OFFICE DLF Building No. 8A, 3rd Floor DLF Cyber City Phase II Gurgaon 122 002, Haryana, India T 91124 439 8200 F 91 124 414 7007 5 Paragon Drive, Montvale, NJ 07645, USA T 1 201 746 8200 F 1 201 746 8210 CHENNAI OFFICE Gee Gee Universal, 5th Floor No. 2 McNichols 600 031, India T 91 44 2836 6930 F 91 44 2836 6936 Hanjung Power Ltd. 912 Chad Lane, Tampa, Fl 33619, USA T 1 813 805 8860 F 1 813 623 6092 > T 81 3 3452 6261 F 81 3 5484 1845 Doosan Power Systems Ltd. (Babcock ) Doosan Heavy Industries Vietnam Co., Ltd. [Doosan Vina] Dung Quat Economic Zone, Binh Thuan Commune Binh Son District, Quangngai Province, Vietnam T 84 55 713 001 F 84 55 713 008 Doosan Heavy Industry Industries America Corp. Parker Plaza, 10th Floor 400 Kelby Street, Forth Lee, NJ 07024, USA T 1 201 944 4554 31,24 F 1 201 944 5022 Pittsburgh Office C/O Westinghouse Electric Company Suite 115C, 600 Cranberry Woods Drive, Cranberry Township, PA 16066, USA T 1 412 374 6071 T 1 724 720 0903 Santiago Office Nueva Tajamar 481, Oficina 1103, Las Condes, Santiago, Chile T 56 2 657 3333 F 56 2 657 3343 Schenectady Office Beijing Office Shanghai Office General Electric Building 33, Room 202A One River Road, chenectady, NY 12345, USA T 1 518 385 5218 F 1 518 385 4984 Gateway Plaza, Tower B, 19th Floor No. 18 Xiaguangli, North Road, East Third Ring Chaoyang District, Beijing 100027,China T 86 10 8454 7131~33, 7122 F 86 10 8484 7139 Rm 809, Building A, Far East International Plaza No. 319, Xian Xia Road, Chang Ning District Shanghai 200051, China T 86 21 5877 8696 F 86 21 58775938 Windsor Office 20 International Drive, Windsor, CT 06095, USA T 1 860 731 6479 F 1 860 731 6482 Tampa Office 912 Chad Lane, Tampa, FL 33619, USA T 1 813 549 0182 F 1 813 623 6666 Doosan Water Tampa R&D Center Hanoi Office #1101, Daeha Business Center, 360 Kim Ma, Ba Dinh District Hanoi, Vietnam T 84 4 6273 0545 F 84 4 6273 0550 Mumbai Office 912 Chad Lane Tampa, Fl 33619, USA T 1 813 805 8860 F 1 813 623 6092 501, CNB Square, Sangam Complex, Andheri Kurla Road, Andheri(E), Mumbai 400059, India T 91 22 6177 0500 Asia & Oceania New Delhi Office Doosan Heavy Industries Japan Corp. Mita Kokusai Building, Room 2410 1-4-28, Mita, Minato-gu Tokyo 108-0073, Japan T 81 3 3452 5451~3 F 81 3 3452 5624 Bangkok Office 10th Floor, M-Thai Tower, All Seasons Place, 87 Wireless Road Phatumwan, Bangkok 10330, Thailand T 66 2 654 0690 F 66 2 654 0693 515, Fifth Floor, Time Tower, MG Road Gurgaon, 122 002, Haryana, New Delhi, India T 91 11 4665 3300 91 12 4665 3300 F 91 11 4665 3333 91 12 4665 3333, 3345 Hyderabad Office 119, 1F, White House, Block-3, 6-3-1192/1/1, Kundan Bagh, Begumpet, Hyderabad 500 016, India T 91 40 6613 2444 F 91 40 6613 4227 Taipei Office 7 Fl 4, No.51, Keelung Road Section 2, Taipei, Taiwan, R.O.C. T 886 2 2739 2255 F 886 2 2739 2266 Sydney Office Suite 2, Level 16, 201-217, Elizabeth Street, Sydney, NSW 2000, Australia T 61 2 9283 6114 F 61 2 9283 6200 Europe Frankfurt Office Frankfurt Office Arabella Center, 9th Floor Lyoner Strasse 44-48 Frankfurt am Main 60528, Germany T 49 69 69 5004 11 F 49 69 69 5004 10 Middle East & Africa Abu Dhabi Office Al Ghaith Tower, 5th Floor, Room 508, Hamdan Street, P.O. Box 27767, Abu Dhabi, UAE T 971 2 627 6273 F 971 2 627 6274 61 Appendix GLOBAL NETWORK Middle East Operations Center Monarch Office Tower, Level 30, Sheikh Zayed Road, P.O.Box 11859, Dubai, UAE T 971 4 327 5545 F 971 4 327 5592 Dubai Office 30th Floor, Monarch Office Tower, One Sheikh Zayed Road, P.O. Box 11859, Dubai, U.A.E. T 971 4 327 5545 F 971 4 327 5529 Dosan Water Dubai R&D Center Monarch Office Tower, Level 29, Sheikh Zayed Road, P.O.Box 11859, Dubai, UAE T 971 4 327 5545 F 971 4 327 5596 Doha Office Abdulla Al Kuwari Building, Al Muntaza Area, C Ring Road, Doha, Qatar T 974 4443 5201 F 974 4443 5218 Cairo Office 2nd floor, Land Mark Building 1, Southern 90th Road (just after NATA Building, City Center, the first section) Cairo, Egypt T 20 2 2613 1038 Doosan Infracore Co., Ltd EMEA Doosan Infracore Construction Equip. HQ T 32 23 71 68 05 Doosan Infracore Europe S.A. (Construction Equip.) Doosan Infracore Russia (Construction Equip.) Doosan Infracore China Co.,Ltd. (Engines) T 7 495 663 8238 T 86 21 6440 3050 Doosan South Africa (Construction Equip.) Doosan Infracore China Co., Ltd. Xi’an Branch T 27 11 864 3933 Doosan Infracore China Investment Co., Ltd. T 139 1074 0224 Doosan Infracore China Co., Ltd. (Construction Equip.) Office No. 7B, Block 4, Plot 35 Laila Commercial Tower, Salmiya, Kuwait T 965-2575-2001 965-2551-8436 F 965-2551-8453 965-2575-2001 Doosan Bobcat Manufacturing s.r.o. T 420 318 532 258 Montabert Lyon T 33 4 72 22 97 58 Geith International Ltd. T 353 41 9824143 Riyadh Office Office No. 205 & 206, The Plaza Building (Akariya No. 4), Olaya Street, P.O.Box 9656, Riyadh 11423, Kingdom of Saudi Arabia T 966 1 419 1696 F 966 1 419 1995 Doosan Infracore Germany GmbH. (Machine Tools) T 49 2173 850910 Doosan Moxy AS T 47 712 68 603 Doosan Infracore China., Ltd. Shen Yang Branch T 024 22812783 Doosan Infracore China., Ltd. Wu Han Branch T 010 84782608 T 027-83316519 Doosan Infracore Shandong Co., Ltd. (Construction Equip.) Doosan Infracore China Co., Ltd. Cheng Du Branch T 138 0535 1970 Doosan Infracore Machine Tools Yantai Co., Ltd. T 86 535 6935000 T 32 478295266 Kuwait Office T 029 88376731 Doosan Infracore Suzhou Co., Ltd. (Construction Equip.) T 138 6204 1916 Doosan Infracore China Co., Ltd. (Construction Equip.) T 021 64400842 Doosan Infracore Machine Tools Yantai Co., Ltd. T 021 54451155 812 815 T 028 86026029 Doosan Infracore China Co., Ltd. HeFei Branch T 0551 5178362 Xuzhou Xugong Doosan Engine Co., Ltd. T 86 0516 8773 9000 Doosan Infracore Machine Tools Yantai Co., Ltd. Gunagzhou Office E-mail : [email protected] Doosan Infracore Machine Tools Yantai Co., Ltd. Chongqiing Office T 023 63111486 Doosan International South East Asia Pte Ltd. (Construction Equip.) T 65 9733 8665 Doosan Infracore India Pvt.Ltd. (Construction Equip.) T 91 99 4064 8687 Doosan Infracore India Technical Center (Machine Tools) T 91 (0)80 4266 0110 Bobcat Corp. Japan T 81 45 532 0151 Doosan Infracore Construction Equip. North America HQ T 1 770 353 3800 Bobcat Company/ Gwinner T 1 701 678 6241 Bobcat Company/ West Fargo T 1 701 476 4254 Bobcat Company/ Litchfield T 1 320 693 4967 Doosan Infracore Portable Power Doosan Infracore America (Engines) T 1 770 831 3481 Doosan Infracore America Corp. (Machine Tools) T 1 973 618 2500 Doosan Bobcat Chile S.A. T 09 138 75 10 Doosan Infracore International Blvd. Centro Industrial No. 11. Tlalnepantla, Edo de Mexico. C.P.54070, Mexico Doosan Infracore do Brasil Servic os de Suporte Comercial Ltda. T 55 11 3061 3227 Doosan Infracore Colombia Office (Construction Equip.) Calle 63A No. 21-36 Oficina 301 Edificio Circulo de Ingenieria Bogota Colombia T 1 704 883 3586 Doosan Engineering & Construction Co., Ltd. Bobcat Company/ Bismarck U.A.E Branch Office T 1 701 222 5466 T 971 2 627 5983 F 971 2 627 5984 Bobcat Company/ Wahpeton Houston Office 2101 11th St N Wahpeton ND 58075 USA T 1 713 961 4646 F 1 713 961 4647 Doosan Vina (CPE Plant) T 84 55 3618 900 F 84 55 3618 954 Doosan Engine Co., Ltd. HAMBURG T 49 40 2533 5656 F 49 40 2533 5661 SHANGHAI T 86 21 6875 0876 F 86 21 6875 0864 SINGAPORE T 65 6222 5515 F 65 6222 5525 Doosan Marine Industry (Dalian)Co., Ltd. [DMI] T 86 411 8751 7957 F 86 411 8751 7956 Doosan Capital Co., Ltd. BEIJING T 86 10 8454 7200 F 86 10 8454 7102 Doosan Advertising Company BEIJING T 86 10 8454 7185~7188 F 86 10 8454 7190 Appendix CONTACT INFORMATION DOOSAN GROUP Public Relations Team e-mail: [email protected] Tel : +82-2-3398-1494 Fax : +82-2-2285-5188 DOOSAN HEAVY INDUSTRIES & CONSTRUCTION Public Relations Team e-mail: [email protected] Tel : +82-2-513-6223 Fax : +82-2-513-6696 NUCLEAR POWER PLANTS Planning Team e-mail: [email protected] Tel : +82-2-513-6142 Fax : +82-2-513-6678 CASTINGS & FORGINGS Strategy Team e-mail: [email protected] Tel : +82-55-278-4833 Fax : +82-55-278-8567 POWER PLANTS Strategy Team e-mail: [email protected] Tel : +82-2-513-6288 Fax : +82-2-513-6160 WATER PLANTS Strategy Team e-mail: [email protected] Tel : +82-2-513-6650 Fax : +82-2-513-6690 CONSTRUCTION Planning Team e-mail: [email protected] Tel : +82-2-513-6914 Fax : +82-2-513-6671 DOOSAN INFRACORE DOOSAN ENGINEERING & CONSTRUCTION Public Relations Team e-mail: [email protected] Tel : +82-2-3398-8410 Fax : +82-2-3398-8099 FORKLIFTS Overseas Sales Support Team e-mail: [email protected] Tel : +82-2-3398-8635 Fax : +82-2-3398-8619 ENGINES & MATERIALS Overseas Marketing Team e-mail: [email protected] Tel : +82-2-3398-8517 Fax : +82-2-3398-8509 CONSTRUCTION EQUIPMENT Overseas Business Planning Team e-mail: [email protected] Tel : +82-2-3398-2558 Fax : +82-2-3398-8469 MACHINE TOOLS Overseas Marketing Team e-mail: [email protected] Tel : +82-2-3398-8663 Fax : +82-2-3398-8699 DEFENSE PRODUCTS Overseas Marketing Team e-mail: [email protected] Tel : +82-2-3398-8191 Fax : +82-2-3398-8199 DOOSAN ENGINE IR Team e-mail: [email protected] Tel : +86-2-3777-9724 Fax : +86-2-3777-9736 Strategy Team e-mail: [email protected] Tel : +82-2-510-3756 Fax : +82-2-510-3716 DOOSAN CAPITAL DCFL (Doosan China Financial Leasing Corp.) S&BD e-mail: [email protected] Tel : +86-10-8454-7040 / 7044 Fax : +86-10-8454-7044 DCC (Doosan Capital Co., Ltd.) Strategy Team e-mail: [email protected] Tel : +82-2-3398-1734 Fax : +82-2-3398-1804 Please contact Doosan Group Public Relations Team if you require further information regarding other businesses. www.doosan.com Doosan Tower, 18-12, Euljiro 6-ga, Jung-gu, Seoul, Korea 82-2-3398-0114