Doosan Group Seeks to Expand Globally
South Korean-based Doosan Group hopes this year will mark the beginning of a new era as a global conglomerate.
According to the Korea Herald, Doosan Heavy Industries & Construction Co.'s rapid growth and its planned acquisition of Daewoo Heavy Industries & Machinery Ltd., Korea's largest construction equipment manufacturer, are to be springboards for the expansion.
Doosan Heavy, the sole maker of power generating equipment in Korea, already has a 30 percent global market share in the construction of desalination plants, but Doosan Heavy's CEO Kim Dae-joong envisages further growth.
The world`s largest desalination plant was built by Doosan Heavy in Fujairah, United Arab Emirates.
The acquisition will increase Doosan Group's sales and allowing the Group to jump from the nation's 12th largest private-owned conglomerate to ninth.
Aside from building power plants and desalination plants, Doosan Heavy also casts and forges key industrial materials, makes turbines and generators and constructs buildings and railroads.
According to the Korea Herald, Doosan Heavy Industries & Construction Co.'s rapid growth and its planned acquisition of Daewoo Heavy Industries & Machinery Ltd., Korea's largest construction equipment manufacturer, are to be springboards for the expansion.
Doosan Heavy, the sole maker of power generating equipment in Korea, already has a 30 percent global market share in the construction of desalination plants, but Doosan Heavy's CEO Kim Dae-joong envisages further growth.
The world`s largest desalination plant was built by Doosan Heavy in Fujairah, United Arab Emirates.
The acquisition will increase Doosan Group's sales and allowing the Group to jump from the nation's 12th largest private-owned conglomerate to ninth.
Aside from building power plants and desalination plants, Doosan Heavy also casts and forges key industrial materials, makes turbines and generators and constructs buildings and railroads.
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