Doosan Group is one of the largest financial and industrial corporations in South Korea, dating back to 1896.
Today Doosan has the status of an international holding company with a large network of branches. Since 2005, after purchasing Daewoo Heavy Industries & Machinery, Doosan has become one of the most authoritative representatives in the world market in the segment of construction and road construction equipment, one of the world's top ten construction equipment manufacturers.
history of the company
The history of Doosan is deeply rooted in history. It is officially believed that the foundation was laid in 1896, with the opening of a small store in Seoul by a Korean entrepreneur Park Sung-Jik. However, in fact, a full-fledged history of activities has been going on since 1946, when his heir Pak-Du-byung gave the company a new name - Doosan, although the first production of Chosun Machine was opened back in 1937. This is how the modern history of Doosan Infracore began.
The small South Korean firm Doosan has gradually grown into a large global company with headquarters in Seoul, factories and representative offices around the world. Doosan is currently the largest South Korean manufacturer of forklifts, construction equipment, CNC machines, and also produces armored vehicles, missile systems and torpedo parts for the national army.
Doosan started production of its own engines in 1958. In 1975, a production line for medium-sized engines was opened under the license of MAN, and in 1979 - a production line for small-sized engines under the license of ISUZU. Since 1985 the company has been conducting its own developments.
1977 became the starting milestone in the history of independent activity of Doosan Infracore Construction Equipment - a division of the company specializing in the production of construction machinery and attachments to it. A year later, the first excavator was produced. In 1985, the division positions the SOLAR series of excavators, and two years later, the total annual production of excavator equipment is already 10 thousand units.
In the 1990s, Doosan took active steps to develop the European, American and Asian markets. The Belgian Doosan Infracore Europe S.A. group is founded, subsidiaries in the United States and Great Britain, the Chinese company Doosan Infracore China Corporation is established and the technology transfer in the excavator production sector is carried out by the Malaysian company TING MING.
Amid active expansion abroad, Doosan is expanding its production. In 1992 and 1997, respectively, wheel loaders and the new Solar-V series of excavators appeared in its lineup. As the new century dawns, Construction Equipment is launching the MEGA-V loaders.
Having acquired Daewoo Heavy Industries & Machinery in the spring of 2005, Doosan is committed to improving and expanding the range of construction machinery, equipment and engines. Since that moment, the company's products have been produced under the Doosan-Daewoo brand.
In 2005-2010, a number of corporate and structural changes took place on the basis of the parent company with its transformation into a holding.
In 2005, the Construction Equipment division became part of Doosan Corporation and immediately introduced the new DX and DL series of special equipment to the market.
In 2007, the international company Doosan Infracore International, Inc. and the Chinese company Doosan Infracore Shangdong Co., Ltd. Since the same year, Doosan Infracore has been producing all special equipment under the single Doosan trademark, and also acquires the largest divisions of the American Ingersoll-Rand Company Ltd., including the famous construction brand Bobcat.
In 2008, Doosan becomes the owner of the Norwegian Moxy, acquiring the rights to manufacture heavy-duty dump trucks.
The Doosan Group has 15 subsidiaries, including Doosan Heavy Industries & Construction, a leading power equipment manufacturer in South Korea, and Doosan Infracore, a leading manufacturer of construction equipment and engines. In addition, Doosan Infracore Corporation has large factories in South Korea, Belgium and China, a network of sales offices and dealers around the world.