2011 doosan fact book - doosan equipment · 56 our businesses 60 global network ... •doosan...

2011 Doosan Fact Book

Doosan has selected " " as the corporate slogan,which is based on the conviction that companies must contribute to humankindand help to shape the future. All Doosan employees now embrace this slogan,and continue to enhance capabilities as a global company through Doosan'sunique value and philosophy.

Doosan is working at this very moment to provide the basics necessary forimproving the quality of people's lives. Doosan's presence can be foundin every area of the infrastructure support business, which encompassesindustrial facilities, machinery, heavy equipment and construction. You areinvited to watch how we are helping to shape the future for all.

Doosan Capital / Neoplux Other Businesses Appendix

52 2010 Snapshot53 Our Businesses

56 Our Businesses 60 Global Network63 Contact Information

Doosan Engineering & Construction Doosan Engine

44 2010 Snapshot45 Overview46 Our Businesses

49 2010 Snapshot50 Our Businesses

Doosan Corporation Doosan Heavy Industries & Construction

Doosan Infracore

16 2010 Snapshot17 Overview18 Our Businesses20 DIP Holdings

Doosan Group

06 2010 Snapshot07 Doosan Business

Portfolio08 Major Strategies09 Global Market Position

10 Successful BusinessPortfolio Change

11 Fast & Profitable Growth12 Doosan’s Strategy13 Doosan’s Aspiration

24 2010 Snapshot25 Our Businesses28 Overseas Subsidiaries30 Research & Development31 Network

34 2010 Snapshot35 Overview36 Our Businesses

40 Research & Development41 Network

Contents

Doosan GroupGlobal Expansion that Extends our Reach

Contents06 2010 Snapshot07 Doosan Business Portfolio08 Major Strategies09 Global Market Position10 Successful Business Portfolio Change11 Fast & Profitable Growth12 Doosan’s Strategy13 Doosan’s Aspiration

G.total 24.6 100.0%

2010

(Unit: KRW in trillions, persons)

KEY FACTS OF DOOSAN GROUP

SALES

FINANCIAL HIGHLIGHTS

(Unit: KRW in trillions)

(Unit: KRW in trillions)('11(E): International Financial Reporting Standars(IFRS))

ISB 21.9 89%•Doosan Heavy Industries & Construction •Doosan Infracore •DII •Doosan Construction & Engineering •Doosan Engine •Doosan Mecatec

Others 2.7 11%•Doosan Corporation •SRS KOREA •Oricom

Sales24.6

EBIT1.9

Market Cap.18.7

Total No.of Employees

38,200

2010 SNAPSHOTDoosan Group

Sales

22.7 21.4

24.6

27.9

’08 ’09 ’10 ’11(E) EBIT

1.4

0.8

1.92.3

’08 ’09 ’10 ’11(E) Market Cap.

11.9

14.5

18.7

’08 ’09 ’10

7

Doosan Heavy Industries & ConstructionDoosan InfracoreDoosan Construction & EngineeringDoosan Engine, Doosan DSTDoosan Industrial Vehicle, Doosan Mottrol

ISB (Infrastructure Support Business)

Doosan CorporationDoosan Bears, OricomDoosan Feed & LivestockSRS Korea, Doosan Tower, Doosan CuvexDoosan Dong-A

Other Businesses

DOOSAN BUSINESS PORTFOLIODoosan Group

1996 2000 2006

Successful RestructuringAcquire Growth Engines &

Transform the Portfolio

Lay Groundwork for Global Leadership

•Divestiture of beer and soft drinkoperations

•Operation improvement,introduced performanceimprovement program

•Capital structure improvement(Debt-to-equity ratio lowered from688% to 216%)

•New start

[2G Strategy : Growth of people,Growth of business]

•Growth strategy through mergers& acquisitions - Korea Heavy Industries (now Doosan Heavy Industries &Construction)

- Koryo Industrial Development(now Doosan Construction &Engineering)

- Daewoo Heavy Industries &Machinery (now Doosan Infracore)

•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)

•Management System Upgrade

MAJOR STRATEGIES OVER THE LAST 15 YEARS AND FUTURE DIRECTIONS

MAJOR STRATEGIESDoosan Group

>

9

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•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•Marine engines: 2nd in the world (M/S 25%)

* Based on 10MIGD** HRSG : Heat Recovery Steam Generator

HEADING FOR GLOBAL LEADERSHIP

Global Sales Domestic Sales

GLOBAL MARKET POSITIONDoosan Group

3.412%

88%

55%

45%

24.60.4

1998 2010

13.5

11.1

Doosan Group's Surging Global Sales

3.0


SUCCESSFUL PORTFOLIORESTRUCTURING

DOOSAN GROUP REVENUE

SUCCESSFUL BUSINESS PORTFOLIO CHANGEDoosan Group

67%

89%

ISB

Others

11%

33%

1998 2010

From Other Businesses toInfrastructure Support Business


4.93.4 3.4

6.9

14.2

7.2

18.5

22.7

78%

71%

49%49%

21.477%

79%

’96 ’98 ’00 ’02 ’04 ’06 ’07 ’08 ’09

OrganicGrowth

InorganicGrowth

Restructuring

AcquiringGrowth Engine 24.6

77%

’10

11

SALES (Unit: KRW in trillions) EBIT (Unit: KRW in trillions) MARKET CAP. (Unit: KRW in trillions)

THE GROUP’SVALUE HASSURGED 37-FOLD SINCE 1998.

FAST & PROFITABLE GROWTHDoosan Group

’02

3.4

6.9

24.6

’98 ’02 ’10

0.2

0.3

1.9

’98 ’02 ’10

CAGR 18%

CAGR 23%

0.5 0.92.0

11.910.7

18.7

’98 ’04 ’10

37X

’06 ’08

WHERE TO COMPETE

ISB

HOW TO COMPETE

2G strategy :Virtuous cycle of personnel and business growth

▶▶

•People Program•Aggressive compen-

sation, meritocracy•Open-door policy•Doosan Leadership

Institute (HR Development)

•Focus on incomesources•Business spectrum•Acceleration

through mergers (corporate valueenhancement)

Growth of People Growth of Business

2G Strategy

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’S STRATEGYDoosan Group

13

A companyoperated byglobal standardsand transparentaccounting standards

A company whosetalented peopleare the source ofcompetitiveness

A company withglobalcompetitivenessjoining the world’sTop 200 by 2020

DOOSAN’S ASPIRATIONDoosan Group

Doosan CorporationDiversified Company that Enriches Life

Contents16 2010 Snapshot17 Overview18 Our Businesses20 DIP Holdings

2010 SNAPSHOTDoosanCorporation

FINANCIAL HIGHLIGHTS

OVERVIEW

SALES

(Unit: KRW in billions, persons)

(Unit: KRW in billions)

(Unit: KRW in billions)('11(E): IFRS)

G.total 1,606 100.0%

2010

Electro-Materials 732 45.6%Mottrol* 216 13.4%Fashion 224 13.9%Glonet 240 15.0%Information&Communication 175 10.9%Others 19 1.2%

* Motttrol was merged in 2010

Sales EBIT Market Cap.

Sales1,606

EBIT132

Market Cap.4,145


2,782

1,736

1,218

1,606

’08 ’09 ’10

53

87132

’08 ’09 ’10

2,4972,555

4,145

’08 ’09 ’10

1,965 262

’11(E) ’11(E)

17

Doosan Corporation is a holding companythat possesses three core values:operationalvalue, investment value and intangible value.

Doosan Corporation is a growing global partsmaker for the infrastructure support business.

A new system is being established to ensuresimultaneous profit and growth from ongoingbusinesses (electronic materials, Mottrol,import/export, Information & Communications).

Established BusinessesInnovate, maximize cash flow,seek new business models

New Growth EnginesDevelop new growth engines that also stimulategrowth in other Group companies- Portfolio expansion into ISB parts and technologywith Doosan Mottrol merger (2010)

Operation Value

SubsidiariesDoosan Heavy Industries & Construction, DIP Holdings

Other held assetsReal estate, treasury stocks

Investment Value

'Doosan' Brand ManagementProvide other Group companies with management capabilities and 'Doosan' brand value

Intangible Value

VALUE STRUCTURE OF DOOSAN CORP. AS A HOLDING COMPANY

OVERVIEWDoosanCorporation

CorporateValue

Operation Value

Intangible Value

InvestmentValue

Doosan Corp. is Korea’s oldest business operation, tracing its roots back to 1896 with the opening of the Park Seung-jik Store. Current portfolioconsists of three Business Groups (Electro-Materials, Mottrol and Glonet) and one Business Unit (Information & Communications). The DoosanGroup acquired Doosan Mottrol (previously Tongmyung Mottrol), Korea's leading maker of hydraulic machinery, to secure a new growth busi-ness. This company subsequently merged with Doosan Corporation in 2010, expanding its involvement in the infrastructure support businessand 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 flexiblePCBs 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 hasenabled 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 excavatorsas a "World Best Product." ■Major products: hydraulic motors & pumps for construction equipment and electric forklifts /

hydraulic systems for military hardware

OUR BUSINESSESDoosanCorporation

19

OUR BUSINESSESDoosanCorporation

Information & Communications

Doosan Information & Communications specializes in IT service packages for Doosan Group's operationsworldwide. The company leverages more than thirty years' experience and a global network of IT servicepartners to provide consulting, integrate IT systems, establish new applied systems and build IT infra-structure to Doosan affiliates.

■Major products and services: groupware / networks / ERP / ASP

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 greaterweight on profitability than on import-export activities. The biotech unit at the R&D Center was alsomerged with Glonet. As a result, the company has started as a provider of services ranging from tradingand logistics to biotechnology.

■Major products and services: imported food ingredients / chemicals / bio-tech productsconstruction equipment leasing

As a holding company, Doosan Corporation has participated in mergers and acquisitions to secure new revenue sources and bolstered thecompetitiveness 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 andspearheaded to global markets. Doosan Corporation's transition to a holding company has resulted in a more advanced governance structureand improved the efficiency of investments, raising corporate value and strengthening competencies.

Doosan DST

Doosan Defense Systems & Technology (Doosan DST) obtained government permission to participate inthe defense industry in 1973 and has played an important role in improving Korea's self-defense posture bydeveloping and producing an impressive array of high-precision and high-tech weapon systems. Theseinclude 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 aswell. 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

DIP HOLDINGSDoosanCorporation

’08 ’09 ’10Sales 532 706 971EBIT 15 60 110


’10

’09

’08

21

SRS Korea

Established in 2004, SRS Korea manages 142 KFC restaurants, 113 Burger King restaurants and7 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 andthe Doosan Tower.

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

DIP HOLDINGSDoosanCorporation

Doosan Heavy Industries &ConstructionGlobal Leader in Power and Water

Contents24 2010 Snapshot25 Our Businesses28 Overseas Subsidiaries30 Research & Development31 Network

2010 SNAPSHOTDoosan

Heavy Industries& Construction


(Unit: KRW in billions)SALES

OVERVIEW

FINANCIAL HIGHLIGHTS(Unit: KRW in billions) ('11(E): IFRS)

G.total 8,197 100.0%

2010

Power Plants 2,999 36.6%

Nuclear Power Plants 1,214 14.8%

Water Plants 435 5.3%

Castings & Forgings 795 9.7%

Construction 1,227 15.0%

DPS 1,527 18.6%

* Not including transactions among internal units

*Overseas employees included


Sales7,780

EBIT637

Market Cap.9,079


15,564

7,0307,685 7,780

9,330

’08 ’09 ’10 ’11(E)

504 534637

650

’08 ’09 ’10 ’11(E)

6,602

8,5769,079

’08 ’09 ’10

25

Doosan Heavy Industries & Construction was established in 1962 and today the portfolio spans castingand forging, thermal and nuclear power plants, desalination plants, and material handling equipment forcustomers around the world. Doosan boasts outstanding competitiveness in plant constructions as well asinfrastructure 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 inorder to make further inroads European and American markets. Doosan Heavy Industries & Constructionleads the world market for desalination plant construction and has patented technologies for each of the threemajor methods: multistage flash (MSF) distillation, multi-effect distillation (MED) and reverse osmosis (RO). Inline with recent global trend of environment regulation reinforcement, our R&D focus has been on green indus-tries 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 developmentsare providing a solid platform for the global market.

*The sales for each unit do not include resultsfrom overseas subsidiaries.

OUR BUSINESSESDoosan


EPC

EPC sector performs every process from design and fabrication to procurement,installation and commissioning taking charge of massive EPC projects in the MiddleEast, India and Southeast Asia. In 2011, our extensive know-how will be leveraged byintegrating engineering and construction capabilities in order to take our competitive-ness still higher.

■Major areas: plant construction /civil works /building construction

* In May 2011, construction BG and EPC sector of power BG were integrated.


’08 ’09 ’10Backlog 2,722 2,792 3,823Orders 1,513 1,017 2,457Revenue 759 946 1,227




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. Originaltechnologies and essential production facilities for three major areas-boilers, turbinesand generators have been secured with the recent acquisition of Doosan Babcock inthe UK and Skoda Power in the Czech Republic. We have led the HRSG market with anaverage 14.5% share over the past ten years, from 2001 through 2010.

■Major areas: boilers /turbines & generators /conveyance equipment


>

’08 ’09 ’10Backlog 5,773 4,778 9,650Orders 3,833 2,430 7,823Revenue 3,488 3,423 2,951

>

NUCLEAR POWER PLANTS

(Unit: KRW in billions)The Nuclear Power Plant Division is equipped with a fully integrated production and manage-ment system that covers materials procurement, component design, fabrication, maintenanceand repair & replacement services. The Division expanded into the overseas nuclear powermarket in the late 1990s and has won orders for reactors, steam generators and other mainequipment 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 massivenuclear power plant project in the UAE awarded to Korea Electric Power Corp. at the end of2009. 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

’08 ’09 ’10Backlog 2,375 3,315 4,372Orders 1,230 1,716 2,275 Revenue 570 776 1,219

27

CASTINGS & FORGINGS

(Unit: KRW in billions)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 andmarine engines /iron- & steelmaking equipment /mold & tool steel




WATER PLANTS

(Unit: KRW in billions)Doosan Heavy Industries & Construction won its first order in the Middle East back in1978. The technologies and operational competencies developed since then havemade the company the world leader in the desalination plant business. The WaterBusiness Group is diversifying its business portfolio by entering the water treatmentmarket through a strategic alliance with Carollo, the largest water treatment engineeringfirm based in the US. Overseas, the Water Business Group has solidified its position asa leading global builder of desalination plants by winning the contracts for Ras Az Zawrproject, the world's largest desalination plant and the Yanbu MED project, the world'slargest unit-capacity MED plant in 2010. ■Major areas: MSF desalination units /reverse osmosis (RO) plants /

multi-effect distillation (MED) systems

’08 ’09 ’10Backlog 1,429 838 2,143Orders 1,632 35 1,744Revenue 320 626 435

’08 ’09 ’10Backlog 524 538 566Orders 713 846 801Revenue 662 728 774

SKODA POWER

Skoda Power owns original technologies for 50Hz steam turbines, which represent 85 percent of global turbinedemand. The company has been producing turbines since 1904 and has supplied more than 450 units to customersin 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 CHENNAI WORKS

Chennai Works, which joined the Doosan Group in 2011, is a manufacturer of boilers for coal-fired thermal powerplants. 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.

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 companyhas world-class competitiveness in low-carbon power generation, which includes oxygen-enriched combustion.

OVERSEAS SUBSIDIARIESDoosan


>

>

>

>

29

DOOSAN VINA

Doosan Vina is a global production base inside the Dung Quat Industrial Complex in Vietnam. Completed inMay 2009 after more than two years of construction, Doosan Vina has 5 production plants and is fully equipped withits own port and harbor facilities. The plants produce boilers, HRSGs, sea water desalination plants and transportationfacilities. Doosan Vina aims to raise productivity to that of the Changwon plant by 2011 by cultivating local technicalpersonnel and improving efficiency. Doosan Vina also plans to achieve $330 million in sales by 2020.

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 technologyand 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 productioncapacity 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.

OVERSEAS SUBSIDIARIESDoosan


The people at Doosan Heavy Industries & Construction recognize that technology will determine the future and are dedicated to developing technology forexclusive products. Core research areas include thermal and nuclear power generation as well as various water-related areas. At the same time, the companyis also making a significant investment on the development and commercialization of low-carbon power generation technologies and new & renewableenergy 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) andYong-in Suji to work on technologies that can become future business opportunities. The following year, water R&D centers were then established in Dubaiand Tampa, Florida (U.S.). Doosan Babcock, which was acquired in 2006, also opened a new R&D facility in 2007.

Power Water Nuclear Green TechnologyMajor - Boilers, turbines - MSF - MMIS comprehensive - CCSResearch - System engineering - MED performance inspection - Advanced Coal Power PlantsAreas - Forged shells - Hybrid equipment - Renewables

- Single-piece heads - Improved reactor core- Back-up rolls protection, core protection

calculators

Research - Power Generation System - Mideast R&D Center - Yong-in Suji R&D Center - Doosan Babcock R&D Center - HTC PurenergyOrganizations Development Center - American R&D Center - Fuel Cell Development Center - Wind Power Technology Team

- Materials Development Center - Future Business Technology Development Center

Major Facilities - Turbine performance testing - RO, MED pilot testing - Nuclear Instrumentation - OxyCoalTM Clean Combustion Testing - Fuel Cell Testing Laboratory& Control Laboratory - CO2 Capture Test Facility (ERTF_Emission Reduction Test Facility)

PCC Oxy-fuel IGCC Wind Power Fuel Cells

- After combustion, CO2 is sepa-rated from the other emissions(N2, O2, SOX, NOX) and cap-tured.

- In Sept. 2008, Doosan Heavysecured proprietary technologiesby purchasing an equity stake inHTC of Canada and signing a tech-nology sharing agreement.

- Pure oxygen is injected into thecoal furnace, rather than air,reducing all emissions to CO2,which is easy to capture.

- Doosan Babcock successfullytested a commercially- viable40MW OxyCoalTM clean combus-tion test facility in July 2009.

- The coal at the power plant isgasified and refined beforebeing used as fuel.

- A 300MW IGCC Plant has beenunder Design in associationwith Doosan, Korea WesternPower and others since 2006.

- Asia's first 3MW offshore windpower generation system hasbeen developed.

- A pilot wind farm was completed on Jeju Island inOctober 2009.

- Acquired internationalcertifica-tion from DEWI-OCC in 2010

- Proprietary technology is underdevelopment (2007-10) on ahigh-efficiency 300KW MCFCstack and system.

- Proprietary Multi MW ClassMCFC system for hybrid plant isalso being developed(2008-2013).

CCS Advanced Coal Power Plant Renewable

RESEARCH & DEVELOPMENTDoosan


31

NETWORKDoosan


Total119,914 (100.0%)

Doosan Power System Europe, Essen, Germany

Frankfurt Office, Germany

Skoda Power

Riyadh Office,Saudi Arabia

Doha Office, QatarAbu Dhabi Office,UAE

Middle East Operations Center, Dubai, UAEDoosan Water Dubai R&D Center

Dubai OfficeDoosan Chennai Works Pvt.,LtdChennai Office, IndiaHyderabad Office, IndiaMumbai Office, IndiaNew Delhi Office, India

Doosan Engineering & Service, Montvale, USASchenectady Office, New York, USAWindsor Office, Connecticut, USA

Doosan Heavy Industries America Corp., New Jersey, USADoosan Engineering & Services, New Jersey, USA

Pittsburgh Office, Pennsylvania,USA

Middle East86,229 (71.9%)

Europe8,669(7.2%)

Asia1,116(0.9%)

India15,677 (13.1%)

U.S 523(0.4%)

China787

(0.7%)

Elsewhere6,912 (5.8%)

Doosan Power System, Crawley, UK

Doosan Power System, Renfrew, UK

Cairo Office, Egypt

Jakarta Office, Indonesia

Sydney Office Santiago Office, Chile

>

Kuwait Office, Kuwait

Doosan IMGB, RomaniaDoosan Heavy Industries Japan Corp., Tokyo, Japan

Beijing Office, china

Taipei Office

Doosan Heavy Industries Vietnam(Doosan VINA)

Hanjung Power Papua New Guinea

Doosan HF Controls, TX, USA

Doosan Hydro Technology, Tampa, USADoosan Waer Tampa R&D Center, USATampa Office,USA

Doosan Power Systems, America Ltd.

Hanoi Office

Shanghai Office

Bangkok Office

Overseas Orders in 2010(Unit: KRW in billions)

Doosan Heavy Industries Vietnam Haipong

Doosan InfracoreGlobal ISB Innovator

Contents34 2010 Snapshot35 Overview36 Our Businesses40 Research & Development41 Network

2010 SNAPSHOTDoosan Infracore



OVERVIEW


G.total 7,954 100.0%

2010

Construction Equipment 5,953 74.8%

Machine Tools 1,030 13.0%

Forklifts 468 5.9%

Engines & Materials 503 6.3%


Sales7,954

EBIT653

Market Cap.4,717


12,870

4,4355,538

7,954

9,403

’08* ’09 ’10 ’11(E)

342

-232

653

922

’08 ’09 ’10 ’11(E)

2,4472,752

4,717

’08 ’09 ’10

* DII Icluded

The figures starting from 2009 include results at DII* Excluded DST from 2008

35

Doosan Infracore started out as Chosun Machine Works in 1937 and has led the development of theKorean machinery industry as its largest machinery maker. In Korea, the company operates a productionplant 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 inEurope and China. In addition, local sales subsidiaries and large-scale dealer networks are also in place inthe 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 unitsfrom Ingersoll-Rand in the US, including Bobcat, the world's most competitive maker of compact construction equipment.

OVERVIEWDoosan Infracore

OUR BUSINESSESDoosan Infracore

CONSTRUCTION EQUIPMENT

Doosan Infracore is the construction equipment arm for Doosan and leads Doosan's infra-structure support business (ISB) segment, our growth engine and important bridgeheadfor global business expansion. Since the company first developed its own excavatormodel in 1985, Doosan Infracore has continued to expand its business domain and productlineups, securing the top market position in Korea’s construction equipment industry. Inaddition, Doosan Infracore's global operations keep expanding with Bobcat for compactconstruction equipment, Montabert for attachments and Doosan Infracore Portable Powerfor air compressors.

■Major products: excavators /wheel loaders /skid steer loaders /compact loaders /

mini-excavators /telescopic handlers /air compressors /

articulated dump trucks (ADT)

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 subsidiariesand 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 7consecutive years.

•Doosan

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 loadersand telescopic tool carriers. The highly popular Bobcat brand of equipment is supplied to work sites around the world.

•Bobcat


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%

’08* ’09 ’10Sales 2,132 4,184 5,953EBIT 132 -213 490

’10

Sales Breakdown

(*08 DII excluded )

37


Doosan Infracore has three outstanding brands: Montabert, Tramac and Geith. The 50-year-old Montabert line encompasseshydraulic rock breakers, demolition attachments, pulverizers, rock drill attachments and other machinery used in construction anddemolition. 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.

•Attachments

Portable Power is 140 years old and produces compressors, generators, lighting systems and other items famous for reliabilityand durability. Our lineup offers innovative solutions for manufacturers, builders and mining companies. Portable Power's prod-ucts have played important roles in the maintenance of world-famous structures such as Mt. Rushmore, the Hoover Dam, theGeorges 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.

•Portable Power

Headquartered in Molde, Norway, Doosan Moxy possesses the patented technology for articulated dump trucks (ADTs) rangingfrom 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 inNorth America and Europe. ADTs are required equipment in the development of large mining sites and construction on rugged terrain.

•Doosan Moxy


The Machine Tools Division has cutting-edge technology and produces world-class machinetools. 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 numer-ous high-precision machine tools. Doosan Infracore is advancing towards is the world’sthird ranked machine tool maker and has received various certifications for quality controland 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


’08 ’09 ’10Sales 1,076 508 1,030EBIT 115 -60 81

Sales Breakdown

’10

MACHINE TOOLS

Global :570 / 55.3%

Domestic:460 / 44.7%

Doosan Infracore began producing diesel engines in 1958. Today the Engine & MaterialsDivision produces various diesel engines for buses, trucks and industrial uses in a large factorywith shops for engine assembly, materials, parts fabrication and machining. The mass-produc-tion operation was built in 1975, and the first proprietary engine models were completed adecade 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 inthe 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

’08* ’09 ’10Sales 456 450 503EBIT 48 49 62


Sales Breakdown

’10

ENGINES & MATERIALS

Global :244 / 48.5%

Domestic:259 / 51.5%

*08 parts business excluded

39


Production Capacity in 2010

Construction 12,500 excavatorsEquipment 1,900 wheel loaders

*Gunsan Plant : 1,300 excavators

Machine Tools 10,560 turning centers &machining centers

Engines & 75,000 diesel engines Materials

Annual OverseasProduction

Annual DomesticProduction

Construction EquipmentChina 22,600 excavators

6,500 wheel loaders

North 22,400 skid steer loaders America 9,600 compact track loaders

7,200 mini excavators

Europe Norway_ 240 ADTsBelgium_ 1,200 excavatorsCzech_ 10,000 skid steer loaders

5,200 mini excavators570 compact track loaders

Machine ToolsDIY 1,800 turning centers &(China) machining centers

•Reliability Evaluation Center : Tasked with ensuring the reliability of excavators, forklifts, machine tools and diesel engines duringevery stage of development. It is the largest institution of its kind in Korea, with 13 state-of-the-art laboratories for ensuring world-class product quality.

•R&D projects : Focusing on basic technologies for raising the competitiveness of current products, advanced eco-friendly technolo-gies 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 andexchanging global R&D capabilities for construction equipment at Doosan Infracore operations around the world.

Global Top 3 Construction Equipment Maker

Construction Equipment•Mass produced new hybrid excavator

and forklift models•Technology for lightening the front of

excavators (completed R&D, to beapplied in V38 front mass production)•Tier-IV-compliant mid- and large-sized

excavators/wheel loaders andintegrated control device•New hydraulic system for Tier-IV-

compliant excavators•Multimedia integrated display•Tele-management system (TMS) for

construction equipment

•2 models for Bobcat's next-generationarticulated excavators (Sirius MEX E14,E16)•3 models for Bobcat's next-generation

M-Series excavators (E42, E45, E50) and2 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)

Future-oriented technology that will propel Doosan Infracore into the world's Top 3 ISB players.

2010 R&D Achievements by Business

RESEARCH & DEVELOPMENTDoosan Infracore

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

Engines & Materials•Green engine technology to comply

with stricter emissions regulations•Euro-V-compliant diesel engines and

natural gas engines for commercialvehicles•US2010-compliant CNG engines•1500hp engine for battle tanks

Machine Tools•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)

41

NETWORKDoosan Infracore

Sales(Unit: KRW in billions)

Sales Subsidiaries BranchesProduction Subsidiaries Holding Company, China

Geith International Ltd.

EMEA Doosan Infracore Construction Equip. HQ

Doosan Moxy AS

Doosan Infracore Europe S.A. (Construction Equip.)Doosan Infracore Germany GmbH. (Machine Tools)

Montabert Lyon

Doosan Bobcat Manufacturing s.r.o.

Doosan South Africa(Construction Equip.)

Doosan Infracore America Corp. (Machine Tools)Bobcat CompanyBobcat CompanyBobcat CompanyBobcat CompanyBobcat CompanyDoosan 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.

Doosan Infracore China Investment Co., Ltd.Doosan Infracore China Co., Ltd. (Forklifts)Doosan Infracore China., Ltd. Shen Yang Branch

Doosan Infracore Machine Tools Yantai Co., Ltd.

Doosan Infracore Suzhou Co., Ltd. (Construction Equip.)

Bobcat Corp. Japan

Doosan Infracore China Co., Ltd. (Construction Equip.)Doosan Infracore Shandong Co., Ltd. Doosan Infracore Machine Tools Yantai Co., Ltd.

Doosan Infracore China Co., Ltd. HeFei Branch Doosan Infracore China Co., Ltd.Cheng Du Branch

Doosan Infracore China Co., Ltd. (Engines)Doosan Infracore Machine Tools Yantai Co., Ltd. Guangzhou OfficeDoosan Infracore China., Ltd. WuHan Branch

Doosan Infracore India Pvt.Ltd. (Construction Equip.)Doosan Infracore India Technical Center(Machine Tool)

Doosan International South East Asia Pte Ltd. (Construction Equip.)

Doosan Infracore Portable Power

Doosan Infracore Construction Equip. North America HQ

Doosan Infracore International Doosan Infracore Colombia Office (Construction Equip.)

Doosan Infracore do Brasil Servic os de SuporteComercial Ltda. Doosan Bobcat Chile S.A.

Doosan Infracore Russia (Construction Equip.)

Doosan Portable Power JapanDoosan Infracore Japan Corp.

NA/ONorth America & Oceania

16,414

EMEAEurope, the Middle East & Africa11,367

AP/EAsia-Pacific & Emerging Markets26,026

China25,734

Total79,541

Doosan Engineering & Construction Beginning a brighter world

Contents44 2010 Snapshot45 Overview46 Our Businesses



OVERVIEW


G.total 2,696 100.0%

2010

Civil Works 528 19.6%Plants 91 3.4%Building Works 1,666 61.7%CPE 331 12.3%Steel Bridges 74 2.8%Others 6 0.2%


Sales2,696

EBIT64

Market Cap.749


1,509

2010 SNAPSHOTDoosan

Engineering& Construction

1,9402,310

2,6962,859

’08 ’09 ’10 ’11(E)

114 115

64

’08 ’09 ’10

424534

749

’08 ’09 ’10’11(E)

115

45

OVERVIEWDoosan


Doosan Engineering & Construction has acquired extensive experience and technology since its establishment in 1960, laying thegroundwork for social and economic advancement for half a century. The company has carried out projects of specially noted ‘HaeundaeDoosan 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 thedomestic and overseas markets.

Through the merger with Mecatec in 2010, Doosan Engineering & Construction gained its leverage on expansion of business portfolio toprocess equipment fabrication business, and continues to strengthen the overseas business with its global leading experience in chemicalprocess equipment(CPE) and steel bridge construction.



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 spacesof great artistic value. At the same time our unique styling puts the finishing touches on spaces that beautify the worldaround 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 provincialcities, introducing advanced residential culture.

■Major products: residential facility /commercial facility /remodeling /commercial-residential highwise

Doosan E&C is capable of performing all aspects of civil works projects, from engineering and construction to mainte-nance 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 thenation'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

CIVIL WORKS

PLANTS

BUILDING WORKS

Doosan E&C competes head to head with worldclass builders in the construction of facilities to protect the environmentas well as industial facilities that provide the foundation for national competitiveness. Our involvement in energy andenvironmental 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



Doosan E&C has acquired a privilege of being Global No.1 received orders in large and ultra-large chemical processequipment. Our strategically located and cutting edge factories in Korea and Vietnam, enable us to provide large sizetowers & 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 materialssuch as forge vanadium) fabrication for Chevron, one of the world's largest oil refiners. The company was also registered inBrazilian 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

CHEMICAL PROCESS EQUIPMENT(CPE)

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 includebulk 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 girderMajor projects: Gwangan Bridge, Youngjong Bridge, Machang Bridge

47

Contents49 2010 Snapshot50 Our Businesses

Doosan EngineIntegrated Diesel Engine Manufacturer

49



OVERVIEW


2010Low Speed Diesel Engines 1,537 88.8%

Medium Speed Diesel Engines,Others 195 11.2%

Sales1,731

EBIT233

Total Assets1,953


1,280

Sales EBIT

2010 SNAPSHOTDoosan Engine

1,7351,773

1,731

2,019

114 115

233

260

’08 ’09 ’10 ’11(E) ’08 ’09 ’10 ’11(E)

G.total 1,732 100.0%

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 productioncapacity (the equivalent of 12 million bhp) and a 25% share of the world market. Doosan started out in 1984 with an annual capacity of200,000 bhp and achieved the aggregate production milestone of 70 million bhp in November 2010, a new industry record. The company hasalso built the world's largest electronically-controlled marine engine.

Low speed diesel engines are amainstay product category, builtin technical cooperation withMAN Diesel of Denmark andWartsila of Switzerland since1983. These engines are usedas the main propulsion systemfor large containerships, bulkcarriers, very large crude carriers,ultra-large crude carriers andother product carriers.

Low Speed Diesel Engines

This operation was launchedunder a technical license fromMAN Diesel SA of France in1983. The lineup, which rangesfrom 450 to 24,000 kW,includes the main and auxiliaryengines on passenger shipsand special-purpose vessels aswell as engines for commercialor emergency power generation.

Medium Speed Diesel Engines

Doosan Engine entered thediesel power plant business in1990 with a turnkey project tosupply a 40MW low-speeddiesel power plant to southernJeju Island. Since then, we builtan 80MW low speed dieselpower plants on Guam andcompleted power plant projectsin Papua New Guinea, India,Greece and Eritrea.

Diesel Power Plants

The global sales network isused to supply customers withparts whenever and whereverthey are needed.

Parts Sales & Technical Service

OUR BUSINESSESDoosan Engine

Contents52 2010 Snapshot53 Our Businesses

Doosan Capital/NeopluxTrusted Financial Services Partner

2010 SNAPSHOTDoosan Capital

Operating Revenue224

EBIT-51

Financial Assets2,405

Total Assets2,669

No.of Employees

253(Unit: KRW in billions, persons)


OVERVIEW


G.total 2,405 100.0%

2010

Equipment Leasing 1,456 60.5%

Installment Finance 291 12.1%

General Loans 422 17.5%

Factoring 102 4.3%

Project Financing 124 5.2%

Others 10 0.4%

OperatingRevenue EBIT

FinancialAssets

369

273224 256

’08 ’09 ’10 ’11(E)

9

3-51

20

’08 ’09 ’10 ’11(E)

1,9062,006

2,4052,674

’08 ’09 ’10 ’11(E)

53

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 toprosper in the Chinese financial market by providing competitive products & services in construction equipment. We will continue to cultivatetalent and expand in the US and Europe to serve as a reliable partner who reciprocates trust.

Doosan Capital covers purchase cost for items onbehalf of the buyer, whorepays the principal andinterest in an agreed numberof installments.

Installment Finance

Doosan Capital directly purchases machinery equipment or other facilitieschosen by the client and leases the products back tothe client for a prearrangedleasing fee.

Doosan Capital providescompanies with operatingcapital through credit loansor mortgage loans.

In addition to purchasing tradereceivables (bill claims andaccounts receivable),Doosan Capital manages tradereceivables, does the account-ing on trade receivable andprovides management consult-ing to help companies main-tain sufficient capital and runtheir businesses.

Equipment Leasing Corporate Loans Factoring

OUR BUSINESSESDoosan Capital

As an investment firm specializing in venture capital, corporate restructuring, and operations consulting, Neoplux offers direct investmentand 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 distressedmedium-sized companies with an excellent turnaround potential. Our consulting unit offers systematic and professional services to helpclients elevate operations to a world-class level.

Neoplux is engaged in a widerange of investment andfinance activities. Theseinclude the corporate restruc-turing business, which involvesidentifying promising compa-nies and participating directlyin them, and consulting servic-es on mergers and acquisi-tions.

Neoplux also targets newlystarted companies with excel-lent people and technology butlacking in capital. The firm helpsthese venture companies togrow and nurtures them intoviable businesses, thereby gen-erating return on investment.

Neoplux applies a wealth of experience and expertise to offerconsulting services for eliminatinginefficiencies in overall operations,from design and R&D to procure-ment, production, logistics andsales through its various consult-ing experience and sophisticatedspecialization. In the process, customers’ business resultsimprove, along with their corporate value.

Corporate Investment Venture Capital Consulting

OUR BUSINESSESNeoplux

Contents56 Our Businesses

Other BusinessesBrand Heritage that Fuels our Growth

Doosan Bears

The Doosan Bears baseball club won the Korea Series in 1982, the first year for professional baseball inKorea. This storied team has continued to help develop professional baseball in the country. The Bearswon the championship again in 1995 and 2001. A new corporate identity and mascot were unveiled in2010, and new iPhone applications and a mobile homepage for smartphone users were launched toenhance 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 distributepremium magazines in Korea that feature distinctive concepts and target-specific readerships. Our titlesinclude the Korean editions of VOGUE the ‘Fashion Bible’, GQ the men’s lifestyle magazine, VOGUE GIRL theNo. 1 young fashion magazine, ALLURE the beauty and lifestyle magazine and W the unique and intelligentfashion magazine, with oversize pages and stunning photography. Each publication is the leader in theirrespective market segments.

OUR BUSINESSESOthers

57

Oricom

Oricom was established in 1967 as Korea’s first comprehensive advertising agency and has maintained astrong 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 whenthey launched their campaigns in Korea and offers marketing communications services to clients worldwide.

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 initialstage of material input to final production, and has an annual output capacity of 360,000 tons. We haveestablished a product safety management system for livestock products in cooperation with the KoreanStandards Association (KSA) in 2003.

Doosan Tower

DOOTA (for "Doosan Tower") underwent a massive renovation in 2009 to celebrate its tenth anniversary andprovides the ideal "one-stop" shopping experience. Over 20 million domestic and overseas customers areattracted each year to the diverse and unique product selection at more than 550 retail outlets. DOOTA wasfirst 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 beingtaken to ensure customer satisfaction.


Doosan Cuvex

Established in 1987, Doosan Cuvex is a specialized leisure company committed to providing the bestservice to customers. The company operates Ladena Golf Club, one of Korea's most prominent golfclubs, 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-classleisure 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 Hondavehicles inside and outside the country. The customer service system provides outstanding quality at areasonable price and is highly responsive to customer needs, exceeding their expectations to deliver thefull value that Honda has to offer. Donghyung Engineering provides the best facilities management servicebased on our experience and know-how. The company leaped another step forward under the name DFMSas it was merged with Doosan Motors in 2011.


Appendix

Contents60 Global Network63 Contact Information

GLOBAL NETWORKAppendix

Doosan Heavy Industries &Construction Subsidiaries

Doosan Heavy Industries &Construction Branch Offices

Doosan InfracoreProduction Subsidiaries

Doosan Infracore Holding Company, China

Doosan InfracoreSales Subsidiaries

Other Subsidiariesand Branches

Doosan Infracore Branches

Geith International Ltd.

Doosan Infracore Europe S.A. (Construction Equip.)Doosan Infracore Germany GmbH. (Machine Tools)

Doosan IMGB

Frankfurt OfficeMontabert Lyon

Doosan Bobcat Manufacturing s.r.o.

Doosan South Africa (Construction Equip.)

Doosan Infracore America Corp. (Machine Tools)Bobcat CompanyBobcat CompanyBobcat CompanyBobcat CompanyBobcat CompanyDoosan 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 OfficeDoosan Infracore China Investment Co., Ltd.Doosan Infracore China Co., Ltd. (Forklifts)Doosan Infracore China., Ltd. Shen Yang Branch

Hanjung Power Limited

Doosan Infracore Machine Tools Yantai Co., Ltd.

Doosan Infracore Suzhou Co., Ltd. (Construction Equip.)

Bobcat Corp. Japan

Doosan Infracore China Co., Ltd. (Construction Equip.)Doosan Infracore Shandong Co., Ltd. Shanghai Office

Doosan Infracore Machine Tools Yantai Co., Ltd.Doosan Infracore China Co., Ltd. HeFei Branch

Doosan Infracore China Co., Ltd. (Engines)Doosan Infracore Machine Tools Yantai Co., Ltd. Guangzhou OfficeDoosan Infracore China., Ltd. WuHan Branch

Doosan International South East Asia Pte Ltd. (Construction Equip.)

Doosan Engine Singapore Office

Doosan Infracore Portable PowerDoosan Infracore Construction Equip. North America HQDoosan Hydro Technology, Tampa, USADoosan Waer Tampa R&D Center, USATampa Office,USA

Doosan Infracore do Brasil Servic os de SuporteComercial Ltda.Doosan Bobcat Chile S.A.

Doosan Infracore Russia (Construction Equip.)

Beijing OfficeDoosan Infracore China Co., Ltd. Cheng Du Branch

Riyadh OfficeKuwait Office

Abu Dhabi OfficeDoha Office

Middle East Operations Center, Dubai, UAEDoosan Water Dubai R&D Center

Dubai Office

Chennai Office, IndiaHyderabad Office, India

Mumbai Office, IndiaNew Delhi Office, India

EMEA Doosan Infracore Construction Equip. HQ

>

Doosan Power System Europe, Essen, Germany

Frankfurt Office, Germany

Doosan Power System, Crawley, UK

Doosan Moxy AS

Skoda Power

Cairo Office, Egypt

Bangkok Office

Doosan VIVA, Vietnam(Doosan Heavy Industries Vietnam)

Jakarta Office, Indonesia

Sydney Office

Santiago Office, Chile

Doosan Engineering & Service, Montvale, USASchenectady Office, New York, USA

Windsor Office, Connecticut, USA

Doosan Heavy Industries America Corp., New Jersey, USADoosan Engineering & Services, New Jersey, USA

Doosan Infracore International Doosan Infracore Colombia Office(Construction Equip.)

Doosan HF Controls, TX, USAPittsburgh Office, Pennsylvania,USA

Doosan Infracore India Pvt.Ltd.(Construction Equip.)

Doosan Infracore IndiaTechnical Center(Machine Tool)

Doosan Infracore Japan Corp.Doosan Porteable Power Japan

Doosan Power System, Renfrew, UK Doosan Heavy Industries Japan Corp

Hanoi Office

Doosan Power Systems, America Ltd.

Taipei Office

Doosan Chennai works Pvt.,Ltd

61

Doosan Corporation

Electro-Materials

HONG KONGT 852 2815 2238F 852 2317 0231

SHANGHAIT 86 21 6465 9398F 86 21 6465 9658

SHENZHENT 86 755 8278 8201F 86 755 8278 8955

SINGAPORET 65 6862 6327F 65 6862 6329

TOKYOT 81 3 3452 6261F 81 3 5484 1845

TAIWANT 886 3 427 1210F 886 3 427 5583

Doosan HeavyIndustries &Construction Co., Ltd.

Overseas SubsidiariesDoosan Power Systems Ltd.11 The Boulevard, CrawleyWest Sussex, RH10 1UX, UKT 44 1293 61 2888F 44 1293 58 4816

Doosan Power Systems Ltd.(Babcock )Porterfield Road, Renfrew,PA4 8DJ, UKT 44 141 886 4141F 44 141 885 3338

Doosan Power SystemsAmericas Ltd.5 Paragon Drive, Montvale,New Jersey 07645, USAT 1 201 746 8200F 1 201 746 8610

Doosan Power SystemsEurope Ltd.Bredeneyer Strasse 2b,45133 Essen, GermanyT 49 201 4517 320F 49 201 4517 328

Skoda Power Ltd.Tylova 1/57 | 301 28 Plzen,CzechT 420 378 185 128F 420 378 185 900

Doosan Power Systems India Pvt. Ltd.NEW DELHI OFFICEDLF Building No. 8A, 3rd FloorDLF Cyber City Phase IIGurgaon 122 002,Haryana, IndiaT 91124 439 8200F 91 124 414 7007

CHENNAI OFFICEGee Gee Universal,5th Floor No. 2McNichols 600 031, IndiaT 91 44 2836 6930F 91 44 2836 6936

Doosan Chennai WorksPvt. Ltd.18/2A SenneerkuppamBypass Road, Poonamallee,Chennai 600 056T 91 44 2649 2050F 91 44 2649 4012

Doosan Hydro Technology, INC.912 Chad Lane, Tampa, Fl 33619, USAT 1 813 805 8860F 1 813 623 6092

Doosan HF Controls Corp.1624 West Crosby Road,Suite 124Carrollton, TX 75006, USAT 1 469 568 6526F 1 469 568 6589

Doosan IMGB104 Berceni Road,Bucharest 4, RomaniaT 40 21 301 3745F 40 21 301 2502

Doosan Enginering &Services Llc5 Paragon Drive, Montvale,NJ 07645, USAT 1 201 746 8200F 1 201 746 8210

Doosan Heavy IndustriesVietnam Co., Ltd. [Doosan Vina]Dung Quat Economic Zone,Binh Thuan CommuneBinh Son District,Quangngai Province,VietnamT 84 55 713 001F 84 55 713 008

Doosan Heavy Industry &Vietnam Haipong Co., Ltd.Km 92, National Highway 5,So Dau Ward,Hong Bang District,Haiphong City, VietnamT 84 31 371 2710F 84 31 371 2714

Hanjung Power Ltd.P.O.Box 2803, BorokomNCD, Papua New Guinea T 675 320 0529F 675 321 2984

Overseas BranchesAmericasDoosan Heavy Industry Industries America Corp.Parker Plaza, 10th Floor400 Kelby Street, Forth Lee,NJ 07024, USAT 1 201 944 4554 31,24F 1 201 944 5022

Pittsburgh OfficeC/O Westinghouse ElectricCompany Suite 115C,600 Cranberry Woods Drive,Cranberry Township,PA 16066, USAT 1 412 374 6071T 1 724 720 0903

Santiago OfficeNueva Tajamar 481, Oficina 1103, Las Condes,Santiago, ChileT 56 2 657 3333F 56 2 657 3343

Schenectady OfficeGeneral Electric Building 33,Room 202AOne River Road, chenectady,NY 12345, USAT 1 518 385 5218F 1 518 385 4984

Windsor Office20 International Drive,Windsor, CT 06095, USAT 1 860 731 6479F 1 860 731 6482

Tampa Office912 Chad Lane, Tampa, FL 33619, USAT 1 813 549 0182 F 1 813 623 6666

Doosan Water TampaR&D Center912 Chad Lane Tampa, Fl33619, USAT 1 813 805 8860F 1 813 623 6092

Asia & Oceania

Doosan Heavy IndustriesJapan Corp.Mita Kokusai Building,Room 24101-4-28, Mita, Minato-guTokyo 108-0073, JapanT 81 3 3452 5451~3F 81 3 3452 5624

Bangkok Office10th Floor, M-Thai Tower,All Seasons Place, 87 Wireless RoadPhatumwan, Bangkok10330, ThailandT 66 2 654 0690F 66 2 654 0693

Beijing OfficeGateway Plaza, Tower B,19th FloorNo. 18 Xiaguangli, NorthRoad, East Third RingChaoyang District, Beijing100027,ChinaT 86 10 8454 7131~33,7122F 86 10 8484 7139

Hanoi Office#1101, Daeha BusinessCenter, 360 Kim Ma, Ba DinhDistrict Hanoi, VietnamT 84 4 6273 0545F 84 4 6273 0550

Mumbai Office501, CNB Square, SangamComplex, Andheri KurlaRoad, Andheri(E), Mumbai400059, IndiaT 91 22 6177 0500

New Delhi Office515, Fifth Floor, Time Tower,MG RoadGurgaon, 122 002, Haryana,New Delhi, IndiaT 91 11 4665 3300

91 12 4665 3300F 91 11 4665 3333

91 12 4665 3333, 3345

Hyderabad Office119, 1F, White House,Block-3, 6-3-1192/1/1,Kundan Bagh, Begumpet,Hyderabad 500 016, IndiaT 91 40 6613 2444F 91 40 6613 4227

Shanghai OfficeRm 809, Building A, Far EastInternationalPlaza No. 319, Xian XiaRoad, Chang Ning DistrictShanghai 200051, ChinaT 86 21 5877 8696 F 86 21 58775938

Taipei Office7 Fl 4, No.51, Keelung RoadSection 2,Taipei, Taiwan, R.O.C.T 886 2 2739 2255F 886 2 2739 2266

Sydney OfficeSuite 2, Level 16, 201-217,Elizabeth Street,Sydney, NSW 2000, AustraliaT 61 2 9283 6114F 61 2 9283 6200

EuropeFrankfurt OfficeFrankfurt OfficeArabella Center, 9th FloorLyoner Strasse 44-48Frankfurt am Main 60528,Germany T 49 69 69 5004 11F 49 69 69 5004 10

Middle East & Africa

Abu Dhabi OfficeAl Ghaith Tower, 5th Floor,Room 508, HamdanStreet, P.O. Box 27767, AbuDhabi, UAET 971 2 627 6273F 971 2 627 6274


>

Middle East OperationsCenterMonarch Office Tower, Level 30,Sheikh Zayed Road, P.O.Box11859,Dubai, UAET 971 4 327 5545F 971 4 327 5592

Dubai Office30th Floor, Monarch OfficeTower,One Sheikh Zayed Road,P.O. Box 11859, Dubai,U.A.E.T 971 4 327 5545F 971 4 327 5529

Dosan Water Dubai R&D CenterMonarch Office Tower, Level 29,Sheikh Zayed Road,P.O.Box 11859, Dubai, UAET 971 4 327 5545F 971 4 327 5596

Kuwait OfficeOffice No. 7B, Block 4, Plot 35Laila Commercial Tower,Salmiya, KuwaitT 965-2575-2001

965-2551-8436F 965-2551-8453

965-2575-2001

Riyadh OfficeOffice No. 205 & 206, ThePlaza Building (Akariya No.4), Olaya Street, P.O.Box9656, Riyadh 11423,Kingdom of Saudi ArabiaT 966 1 419 1696F 966 1 419 1995

Doha OfficeAbdulla Al Kuwari Building,Al Muntaza Area,C Ring Road, Doha, QatarT 974 4443 5201F 974 4443 5218

Cairo Office2nd floor, Land MarkBuilding 1,Southern 90th Road(just after NATA Building,City Center, the first section)Cairo, EgyptT 20 2 2613 1038

Doosan Infracore Co., Ltd

EMEA Doosan InfracoreConstruction Equip. HQT 32 23 71 68 05

Doosan Infracore EuropeS.A. (Construction Equip.)T 32 478295266

Doosan BobcatManufacturing s.r.o.T 420 318 532 258

Montabert LyonT 33 4 72 22 97 58

Geith International Ltd.T 353 41 9824143

Doosan InfracoreGermany GmbH.(Machine Tools)T 49 2173 850910

Doosan Moxy AST 47 712 68 603

Doosan Infracore Russia(Construction Equip.)T 7 495 663 8238

Doosan South Africa(Construction Equip.)T 27 11 864 3933

Doosan Infracore ChinaInvestment Co., Ltd.T 139 1074 0224

Doosan Infracore ChinaCo., Ltd. (ConstructionEquip.)T 010 84782608

Doosan InfracoreShandong Co., Ltd. (Construction Equip.)T 138 0535 1970

Doosan InfracoreMachine Tools Yantai Co., Ltd.T 86 535 6935000

Doosan Infracore Suzhou Co., Ltd. (Construction Equip.)T 138 6204 1916

Doosan Infracore China Co., Ltd.(Construction Equip.)T 021 64400842

Doosan InfracoreMachine Tools Yantai Co., Ltd. T 021 54451155 812 815

Doosan Infracore China Co.,Ltd. (Engines)T 86 21 6440 3050

Doosan Infracore ChinaCo., Ltd. Xi’an BranchT 029 88376731

Doosan Infracore China.,Ltd. Shen Yang BranchT 024 22812783

Doosan Infracore China.,Ltd. Wu Han BranchT 027-83316519

Doosan Infracore ChinaCo., Ltd. Cheng Du Branch T 028 86026029

Doosan Infracore ChinaCo., Ltd. HeFei Branch T 0551 5178362

Xuzhou Xugong Doosan Engine Co., Ltd.T 86 0516 8773 9000

Doosan InfracoreMachine Tools Yantai Co.,Ltd. Gunagzhou OfficeE-mail :[email protected]

Doosan InfracoreMachine Tools Yantai Co.,Ltd. Chongqiing OfficeT 023 63111486

Doosan InternationalSouth East Asia Pte Ltd.(Construction Equip.)T 65 9733 8665

Doosan Infracore IndiaPvt.Ltd. (Construction Equip.)T 91 99 4064 8687

Doosan Infracore IndiaTechnical Center (Machine Tools)T 91 (0)80 4266 0110

Bobcat Corp. JapanT 81 45 532 0151

Doosan InfracoreConstruction Equip.North America HQT 1 770 353 3800

Bobcat Company/GwinnerT 1 701 678 6241

Bobcat Company/West FargoT 1 701 476 4254

Bobcat Company/LitchfieldT 1 320 693 4967

Doosan InfracorePortable PowerT 1 704 883 3586

Bobcat Company/BismarckT 1 701 222 5466

Bobcat Company/Wahpeton2101 11th St N WahpetonND 58075 USA

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 InfracoreInternationalBlvd. Centro Industrial No.11. Tlalnepantla, Edo deMexico. C.P.54070, Mexico

Doosan Infracore doBrasil Servic os deSuporte Comercial Ltda.T 55 11 3061 3227

Doosan InfracoreColombia Office(Construction Equip.)Calle 63A No. 21-36 Oficina301 Edificio Circulo deIngenieria Bogota Colombia

Doosan Engineering &Construction Co., Ltd.

U.A.E Branch OfficeT 971 2 627 5983F 971 2 627 5984

Houston OfficeT 1 713 961 4646F 1 713 961 4647

Doosan Vina (CPE Plant)T 84 55 3618 900F 84 55 3618 954

Doosan Engine Co., Ltd.

HAMBURGT 49 40 2533 5656F 49 40 2533 5661

SHANGHAIT 86 21 6875 0876F 86 21 6875 0864

SINGAPORET 65 6222 5515F 65 6222 5525

Doosan Marine Industry(Dalian)Co., Ltd. [DMI]T 86 411 8751 7957F 86 411 8751 7956

Doosan Capital Co., Ltd.

BEIJINGT 86 10 8454 7200F 86 10 8454 7102

Doosan AdvertisingCompany

BEIJINGT 86 10 8454 7185~7188F 86 10 8454 7190


DOOSAN INFRACORE DOOSAN ENGINEERING & CONSTRUCTION

Public Relations Team e-mail: [email protected] : +82-2-3398-8410Fax : +82-2-3398-8099

CONSTRUCTION EQUIPMENT Overseas Business Planning Teame-mail: [email protected] : +82-2-3398-2558Fax : +82-2-3398-8469

FORKLIFTS Overseas Sales Support Teame-mail: [email protected] : +82-2-3398-8635Fax : +82-2-3398-8619

MACHINE TOOLS Overseas Marketing Teame-mail: [email protected] : +82-2-3398-8663Fax : +82-2-3398-8699

ENGINES & MATERIALS Overseas Marketing Teame-mail: [email protected] : +82-2-3398-8517Fax : +82-2-3398-8509

DEFENSE PRODUCTS Overseas Marketing Team e-mail: [email protected] : +82-2-3398-8191Fax : +82-2-3398-8199

DOOSAN HEAVY INDUSTRIES & CONSTRUCTIONDOOSAN GROUP

Public Relations Teame-mail: [email protected] : +82-2-3398-1494Fax : +82-2-2285-5188

DOOSAN ENGINE

IR Teame-mail: [email protected] : +86-2-3777-9724Fax : +86-2-3777-9736

DOOSAN CAPITAL

DCFL (Doosan China Financial Leasing Corp.)S&BD e-mail: [email protected] : +86-10-8454-7040 / 7044Fax : +86-10-8454-7044

DCC (Doosan Capital Co., Ltd.)Strategy Team e-mail: [email protected] : +82-2-3398-1734Fax : +82-2-3398-1804

Please contact Doosan Group Public Relations Team if you require further information regarding other businesses.

Strategy Teame-mail: [email protected] : +82-2-510-3756Fax : +82-2-510-3716

CONTACT INFORMATIONAppendix

Public Relations Teame-mail: [email protected] : +82-2-513-6223Fax : +82-2-513-6696

POWER PLANTSStrategy Teame-mail: [email protected] : +82-2-513-6288Fax : +82-2-513-6160

NUCLEAR POWER PLANTSPlanning Teame-mail: [email protected] : +82-2-513-6142Fax : +82-2-513-6678

WATER PLANTSStrategy Teame-mail: [email protected] : +82-2-513-6650Fax : +82-2-513-6690

CASTINGS & FORGINGSStrategy Teame-mail: [email protected] : +82-55-278-4833Fax : +82-55-278-8567

CONSTRUCTIONPlanning Teame-mail: [email protected] : +82-2-513-6914Fax : +82-2-513-6671

www.doosan.comDoosan Tower, 18-12, Euljiro 6-ga,Jung-gu, Seoul, Korea82-2-3398-0114

2011 doosan fact book - doosan equipment · 56 our businesses 60 global network ... •doosan...

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