SEOUL, March 22 (Korea Bizwire) — South Korean plant builder Doosan Heavy Industries & Construction Co. said Tuesday it has decided to sell its boiler-making overseas subsidiary, in an apparent bid to improve its financial health. In its latest business report, Doosan Heavy Industries said it has finalized a plan to dispose of Doosan Babcock [...]
SEOUL, Jan. 24 (Korea Bizwire) — Doosan Heavy Industries & Construction Co., a South Korean plant builder, said Monday its German subsidiary has received a 160 billion-won (US$134 million) order for a waste processing plant in Germany. Doosan Lentjes obtained the order from MHKW Wiesbaden GmbH to build a waste-to-energy plant in Wiesbaden, Germany, by [...]
SEOUL, Jan. 19 (Korea Bizwire) — South Korea’s major power plant builder Doosan Heavy Industries & Construction said Wednesday it has signed a deal with Saudi Arabian Industrial Investments Co. and Saudi Aramco Development Co. to set up a joint venture to operate a US$940 million casting and forging plant. TWAIG Casting & Forging will [...]
SEOUL, Nov. 19 (Korea Bizwire) — Doosan Heavy Industries & Construction Co. said Friday that its board of directors has decided to hand over the managerial rights to its construction subsidiary Doosan Engineering & Construction Co. to The Zenith Holdings Co., an investment company. The entity to be established by a consortium including Q Capital [...]
SEOUL, Nov. 4 (Korea Bizwire) — South Korea’s top power plant builder Doosan Heavy Industries & Construction Co. said Thursday that it has built an 18-megawatt wind farm in the southern tip of the country. The six 3-megawatt wind turbines built in Jangheung, about 400 kilometers south of Seoul, could generate enough electricity to power [...]
SEOUL, Oct. 21 (Korea Bizwire) — South Korean power plant builder Doosan Heavy Industries & Construction Co. said Thursday it has signed a maintenance service deal for a reactor at the Barakah nuclear power plant in the United Arab Emirates (UAE). Under the deal with Nawah Energy Co., the operator of the nuclear power plant, [...]
SEOUL, Oct. 1 (Korea Bizwire) — South Korea’s power plant builder Doosan Heavy Industries & Construction Co. is beefing up its competitiveness in 3D printing by completing the nation’s largest 3D printing fabrication facility. The company on Thursday held the completion ceremony for the 3D printing fab on a non-face-to-face format at its headquarters in [...]
SEOUL, Sept. 15 (Korea Bizwire) — South Korea’s top power plant builder Doosan Heavy Industries & Construction Co. said Wednesday that it has signed a deal with Daewoo Shipbuilding & Marine Engineering Co. (DSME) to provide equipment for wind turbine installation vessels (WTIVs). Under the deal, Doosan Heavy plans to offer a total of 156 [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korea’s power plant builder Doosan Heavy Industries & Construction Co. said Wednesday it has signed a deal with U.S. small modular reactor (SMR) maker X-energy to design a small SMR based on high-temperature gas-cooled reactor (HTGR) technology. Under the deal, Doosan Heavy will design X-energy’s SMR, an 80 [...]
SEOUL, Aug. 3 (Korea Bizwire) — South Korean power plant builder Doosan Heavy Industries & Construction Co. has announced the development of an 8-megawatt (MW) floating offshore wind turbine. The company said Monday that it was selected as the main contractor for the second stage of the 8-MW floating offshore wind turbine development project by [...]