Doosan Heavy Industries & Construction Co. is a South Korean heavy equipment and construction company engaging in a wide range of services that include water facility projects, manufacturing and power generation. Headquartered in Changwon, South Korea, the company was established in 1962 as Hyundai Yanghaeng, a construction materials trading firm.
Doosan Heavy Industries & Construction Co. is a subsidiary of the Doosan Group, which was founded by Park Seung-jik in 1896. Prior to the Doosan Group’s acquisition and privatisation of the company in 2001, Hyundai Yanghaeng was nationalised by the Korean government and renamed Hanjung in 1980. Under the Doosan banner, the company has become a world-class energy and water plant specialist.
With over 13,000 employees, the company operates a global network of 16 overseas subsidiaries and 23 branches and offices. Park Gee-won, great-grandson of the Doosan Group’s founder Park Seung-jik, is Chairman of the family-owned and -run company and Vice Chairman of Doosan Group.
- Family name: Seung-jik Park and family
- Sector: Diversified Industrial Product
- Founded: 1896
- Founder: Park Seung-jik
- Country: South Korea
- Company headquarters: Changwon, South Korea
- Revenue: 13.8
- Employees: 7,173
- Website: doosanheavy.com
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