Doosan Group
Template:Koreanname The Doosan Group is a large South Korean industrial and construction conglomerate (chaebol). The group owns the Doosan Bears baseball team as well as consumers-oriented businesses such as publishing, food, household goods, magazines and fashion. It also has an advertising subsidiary. In 2005 it won an $850 million contract to build a desalination plant in Saudi Arabia.[1]
History
1896~1946 Doosan began in 1896 as a small store in Baeogae, Seoul, founded by Park Seung-jik. His successor, Park Doo-byung, expanded the store into the Doosan Store in 1946.
1950~1969 Doosan established Oriental Brewery in 1952. In the 1960s, the group set up Doosan construction & Engineering, Doosan Food & Beverage and Doosan Machinery.
1970~1979 After the oil shocks, the group sold off weaker subsidiaries
1980~1995 Doosan started its publishing and advertising businesses.
1996~ The group undertook an intensive business restructuring
2001~2005 Doosan took over Korea Heavy Industries (now Doosan Heavy Industrial & Construction) in 2001 and Daewoo Heavy Industries & Machinery (now Doosan Infracore) in 2005. Doosan Heavy Industrial & Construction products include power plant facilities and desalination plants. Doosan Infracore produces excavators, lift trucks, machine tools, and engines. Its products are branded as Doosan Daewoo.
2006~ On 6th November 2006, Mitsui Babcock's Parent company, Mitsui Engineering & Shipbuilding, signed a sale agreement with Doosan Heavy Industries (UK) Limited, a subsidiary of Doosan Heavy Industries & Construction, whereby Doosan will acquire 100% of Mitsui Babcock. The European Commission has cleared the acquisition of Doosan Corp of South Korea by the UK's Mitsui Babcock. The permission under the simplified procedure was given on 13 December 2006.
2007 [Jan 19], Doosan Admits inflating sales by $276 Million over 1995-2000.
Subsidiaries
- Doosan Corporation
- Doosan Electronics
- Doosan Techpack
- Doosan Liquor Industries
- Doosan Food
- Doosan Apparel
- Doosan Pulishing Company
- Doosan Magazine Books
- Doosan Doota
- Doosan Telecom
- Doosan Heavy Industries
- Doosan Infracore
- Doosan Construction
- Doosan Cubex
- Doosan Samhwa
- Doosan Oricom
- Doosan Neoplux
- Doosan Bears
- Doosan Engine Industries
- Doosan Mecatech
- Doosan Saejae Development Company
- Doosan Enshaper
- Doosan Motors
- Doosan Yonhap Capital
See also
External links
- Main
- References
- Doosan English Intro (PDF format)
- Seoul Times Doosan Release