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Doosan Heavy Signs Deal to Provide Artificial Sun Project with Pressurizers

Doosan Heavy Signs Deal to Provide Artificial Sun Project with Pressurizers

SEOUL, Sept. 9 (Korea Bizwire) — South Korea’s power plant builder Doosan Heavy Industries & Construction Co. said Wednesday that it has signed a deal to provide pressurizers to the global artificial sun project consortium. Under the deal signed with the International Thermonuclear Experimental Reactor (ITER) consortium launched in late 2006, Doosan Heavy Industries along [...]

Doosan Heavy Gets Approval for Aerospace-related 3D Printing Technology

Doosan Heavy Gets Approval for Aerospace-related 3D Printing Technology

SEOUL, July 30 (Korea Bizwire) — Power plant builder Doosan Heavy Industries & Construction Co. said Thursday that it has obtained approval for aerospace-related 3D printing technology from Lloyd’s Register, a British quality assurance and risk management company. “The approval will help expand Doosan Heavy’s 3D printing technology to aerospace parts from power plant parts,” [...]

Policy Lenders Mulling Providing 800 bln Won to Doosan Heavy

Policy Lenders Mulling Providing 800 bln Won to Doosan Heavy

SEOUL, April 27 (Korea Bizwire) — The state-run Korea Development Bank (KDB) and Export-Import Bank of Korea (Eximbank) said Monday they are considering providing additional financial assistance worth 800 billion won (US$649.8 million) to Doosan Heavy Industries & Construction Co. in the latest move to help normalize the nation’s largest power equipment maker. “We decided [...]

Doosan Heavy Mulling Paid Leave to Idle Employees amid Deepening Crisis

Doosan Heavy Mulling Paid Leave to Idle Employees amid Deepening Crisis

SEOUL, March 11 (Korea Bizwire) — Doosan Heavy Industries & Construction Co., South Korea’s largest power equipment maker, said Wednesday it is considering asking idle workers to take paid leave as part of efforts to cut costs amid dwindling orders. Doosan Heavy said idle workers can receive 70 percent of their basic monthly wage for [...]

Doosan Heavy Q1 Net Profit Down 38% on Foreign Exchange Loss

Doosan Heavy Q1 Net Profit Down 38% on Foreign Exchange Loss

SEOUL, April 26 (Korea Bizwire) – Doosan Heavy Industries Co., South Korea’s top power equipment maker, said Thursday its first-quarter profit fell 38 percent from a year earlier largely due to foreign exchange loss. Net profit reached 23.1 billion won (US$21.4 million) on a consolidated basis in the January-March period, compared with 37.4 billion won a year earlier, the company said in a regulatory filing. The company said foreign exchange loss and discontinued operation [...]