On Sept. 13, Doosan Bobcat reported that over a thousand of its employees from business locations in 12 countries worldwide took part in community service activities on Sept. 12. The activities were on a relay that started from Korea and passed through Asia, the Middle East, Europe, Africa, and the
'H2 MEET 2023', the world's largest hydrogen industry exhibition, will host its largest-ever event at KINTEX 1 in Goyang, Gyeonggi Province for 3 days from Wednesday, September 13 to Friday, September 15.This exhibition is hosted by the H2 MEET Organizing Committee (Chaired by Nam-hoon Kang, Chairma
Doosan Enerbility announced on Sept. 8 that it has signed a memorandum of understanding (MOU) with Indonesia Power (IP) concerning the conversion of power plants to eco-friendly operations for the reduction of exhaust gas emissions in Indonesia.Through this agreement, both companies have decided to
Amid controversies surrounding shoddy construction such as missing rebar in apartments, attention has been drawn to apartment defects. A recent analysis revealed that among the 15 companies that received the most apartment defect judgments over the past five years, five ranked within the top 10 in c
According to the Ministry of Trade, Industry and Energy on Aug. 23, Korea’s general machinery exports stood at US$25.7 billion in the first half of this year and the export amount represented a year-on-year increase of 1.6 percent. The growth is noticeable compared to a year-on-year decline of more
On July 28, Doosan Enerbility completed a continuous 240-hour operational test of its first domestically produced gas turbine engine with 270 MW output and initiated commercial operation at the Gimpo Combined Heat and Power Plant operated by Korea Western Power (KOWEPO). Through this achievement, KO
As Saudi Arabia urges Korean companies to participate in investments in the future city project NEOM with a total project cost of US$500 billion (about 645 trillion won), expectations for large-scale orders are growing in the Korean construction equipment industry including Doosan Bobcat, HD Hyundai
It has been found that the foreign ownership percentage of top market capitalization stocks has increased this year. Notably, foreign investors have extended their financial commitments into the domains of defense and construction.According to data released by the Korea Exchange on Aug. 2, the numbe
Doosan Corporation announced on July 31 that it has collected approximately 500 billion won in accumulated orders from Japan, Europe, and North America for its new electric vehicle material, Patterned Flat Cable (PFC).PFC is a material that connects cells, the smallest unit of electric vehicle batte
The author is an analyst for Shinhan Securities. He can be reached at ldh@sinhan.com -- Ed.2Q23 review: Earnings surpriseDoosan Bobcat reported sales of USD2.03bn (+15% YoY) and operating profit of USD360mn (+44% YoY) for 2Q23, an earnings surprise that exceeds market estimates by 3.2% and 28.3%, re
During the 151st edition of The Open, held in Liverpool, England, from July 20 to 23, Doosan actively engaged in promotional efforts to support the campaign for hosting the Busan World Expo, referred to as Busan Expo, in the area.As an official sponsor of The Open, Doosan effectively conveyed the me
Korea Hydro & Nuclear Power (KHNP) is aggressively driving the development of small modular reactors (SMRs) in collaboration with the private sector. With the goal of leading a market worth 630 trillion won (US$497.24 billion), Korea aims to establish a presence in it.According to KHNP on July 19, K
Doosan Enerbility, a South Korean energy solutions company, announced on July 17 that it has entered into a collaboration agreement for an ammonia cracking business with Johnson Matthey (JM), a leading ammonia cracking solution firm in the U.K.The signing ceremony was held at the R&D office of JM, l
Korean President Yoon Suk-yeol’s upcoming visit to Poland has raised expectations that Korean companies will be able to gain an edge in the second phase of Poland’s nuclear power plant project if the two countries strengthen cooperation in the field of green energy.After failing to win the first pha
The Ministry of Trade, Industry and Energy (MOTIE) plans to form a “One Team” with major corporations including SK and GS Energy to drive the small modular reactor (SMR) industry. They aim to establish concrete measures for the revitalization of the SMR industry within this year.According to MOTIE o
Park Ji-won, vice chairman of Doosan Group, attended Automatica 2023 held in Munich, Germany on June 28 (local time), ahead of Doosan Robotics’ initial public offering (IPO).Automatica is the largest robotics and automation technology solutions exhibition in Europe, where companies related to roboti
As Ukraine's post-war recovery costs are estimated to reach a maximum of 1.4 quadrillion won, South Korea's steel, construction equipment, and energy industries are expected to benefit.On June 21, in a Ukraine Recovery Conference held in London, the U.K., Ukraine's Prime Minister Denys S
Korea Hydro & Nuclear Power (KHNP) has set up a task force to bid for a facility improvement project at Romania’s Chernaboda Nuclear Power Plant No. 1.KHNP established the task force on June 7 in order to take on a contract for the facility improvement project at Chernaboda Nuclear Power Plant No. 1
Doosan Bobcat, a construction machinery manufacturing affiliate of Doosan Group, fared remarkably well in the global market thanks to a surge in sales of Doosan Bobcat’s flagship compact equipment products in North America in 2022.Doosan Bobcat ranked 11th in the global market in 2022, up three notc
The author is an analyst for NH Investment & Securities. He can be reached at minjae.lee@nhqv.com -- Ed.For June, we change our recommended plays to Doosan Enerbility and KEPCO, drawing attention to both expectations for large-scale NPP projects and improved profitability (thanks to a progressive ra