CHANGWON, Nov. 9 (Korea Bizwire) — South Korea’s first liquid hydrogen plant, a facility that produces liquid hydrogen, is set to be established. Power plant builder Doosan Heavy Industries & Construction Co. recently signed an engineering, procurement and construction (EPC) deal for a hydrogen liquefaction project with the South Gyeongsang Provincial Government and the Changwon [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korea’s top power plant builder Doosan Heavy Industries & Construction Co. said Wednesday that it will join hands with five public power companies to revitalize a gas turbine business. Doosan Heavy and the companies will beef up their cooperation in the sectors, such as the establishment of liquefied [...]
SEOUL, Sept. 10 (Korea Bizwire) — Power plant builder Doosan Heavy Industries & Construction Co. said Thursday it has signed a preliminary deal with the Korea National Oil Corp. (KNOC) to develop a floating offshore wind farm. Under the deal, Doosan Heavy will provide floating wind turbines, while the state-run oil company will work on [...]
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 [...]
SEOUL, Aug. 12 (Korea Bizwire) — South Korea’s top power plant builder, Doosan Heavy Industries & Construction Co., said Wednesday that it has signed a 220 billion won (US$185.6 million) deal to build a power plant using waste in Poland. Under the deal with Polish energy company Dobra Energia, Doosan Heavy and its German affiliate, [...]
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,” [...]
SEOUL, July 19 (Korea Bizwire) — Doosan Heavy Industries & Construction Co., South Korea’s largest power plant builder, set an ambitious plan Sunday to boost its annual sales from its offshore wind farm business to over 1 trillion won (US$830 billion) by 2025, more than what it has generated over the past decade. Doosan Heavy [...]
SEOUL, June 4 (Korea Bizwire) — Doosan Heavy Industries & Construction Co.’s push to reshape its business portfolio is stirring concerns over the feasibility of the overhaul plan whose centerpiece is reduction of its mainstay coal and nuclear power businesses and expansion of its clout in the renewable energy realm. In return for 3.6 trillion [...]
SEOUL, May 3 (Korea Bizwire) — Embattled Doosan Heavy Industries & Construction Co. is under growing pressure to sell more assets in return for aid from its creditors, industry sources said Sunday. Last week, parent Doosan Group submitted Doosan Heavy’s final self-rescue plans, worth more than 3 trillion won (US$2.45 billion), to the creditors led [...]
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 [...]