Doosan Enerbility announced on March 15 that it had signed a contract with Turkistan LLP, a subsidiary of Samruk-Kazna, Kazakhstan’s sovereign wealth fund, to build a combined cycle power plant worth 1.15 trillion won (US$877 million).Doosan Enerbility formed a consortium with local construction com
Doosan Bobcat announced that it will participate in ConExpo 2023, which kicks off on April 14 (local time) in Las Vegas, the United States.ConExpo, one of the world’s three largest construction equipment exhibitions, is held in the United States every three years. This year, the event will run at th
Doosan Energy announced on March 10 that it has signed a contract with NuScale Power to produce materials for small modular reactors (SMRs).The materials will be used for NuScale Power’s Carbon Free Power Project (CFPP) at Utah Associated Municipal Power Systems (UAMPS). The CFPP is the first SMR pr
Korea Hydro & Nuclear Power (KHNP) announced that the standard design of KHNP’s APR1000, a nuclear reactor exported to Europe, a design certification (EUR Certificate) from the European Utility Requirements Organization on Feb. 2 (local time).As a result, the APR1000 has secured additional competiti
Doosan Group vice chairman Park Ji-won will visit MWC 2023 to grasp the latest technology trends and seek future business directions.Park will pay attention to “Digital Everything” which was one of the themes of this exhibition, observing the latest technologies developing based on faster connectivi
Doosan Enerability announced on Feb. 22 that it will showcase its technologies at PowerGen International (PGI) 2023 to be held in Orlando, the United States.PGI is the world’s largest energy and power generation exhibition, held annually in the United States. This year, it will run at the Orange Cou
Korean companies are working hard to help Turkey and Syria, which were hit hard by massive earthquakes. They are continuing to donate money and deliver relief goods for earthquake recovery and rescue work in Turkey.On Feb. 10, Samsung Electronics decided to provide a total of US$3 million in cash an
The author is an analyst of NH Investment & Securities. He can be reached at minjae.lee@nhqv.com. -- Ed. Although Doosan Enerbility’s 4Q22 results proved somewhat lackluster due to one-off expenses, the company has set an achievable mid/long-term new order target. In particular, we believe that the
Doosan Fuel Cell is planning to develop overseas markets to expand its hydrogen business.The company announced on Feb. 9 that it signed a statement of cooperation with the South Australian government and HyAxiom, a subsidiary of Doosan Corp., at the Four Seasons Hotel Seoul in Gwanghwamun to foster
The author is an analyst of KB Securities. He can be reached at newday@kbfg.com. -- Ed.4Q22 earnings met market consensus— Doosan Bobcat posted 4Q22 revenue of KRW2.38tn (+35.3% YoY) and OP of KRW250.8bn (+62.5% YoY; 10.5% OPM). The results were decent, with figures in line with consensus.— 2022 con
The author is an analyst of KB Securities. She can be reached at hyejung.jung@kbfg.com. -- Ed.4Q22 preliminary OP of KRW17.9bn (+99.1% YoY) beats expectations— Doosan FC posted 4Q22 preliminary revenue of KRW157.2bn (+19.8% YoY, +431.1% QoQ), OP of KRW17.9bn (+99.1% YoY, turn to black QoQ) and NP of
Doosan Group announced on Feb. 8 that it would provide Doosan Bobcat construction equipment worth US$1 million to help with relief and recovery activities at earthquake-stricken areas in Turkey.Doosan plans to quickly deliver construction equipment through local dealers of Doosan Bobcat so that it c
Doosan Enerbility is joining hands with Siemens Gamesa Renewable Energy to strengthen the competitiveness of its offshore wind power business.The company announced on Feb. 7 that it had signed a framework agreement on pursuing strategic collaboration with Siemens Gamesa, the world’s leading manufact
Doosan Bobcat's grounds maintenance equipment (GME) business is set to enter the European market far beyond its home turf in North America.The company announced on Feb. 2 that nine models of its compact tractors are coming to the market in Europe. Its first compact tractors for Europe will be de
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com -- Ed.We believe that Doosan Fuel Cell’s 2022 order volume exceeded its annual order target. However, the firm’s sales volatility remains high as its 2022 orders were concentrated at the end of the year. Re
Doosan Corp. will showcase its electronics products at NEPCON JAPAN 2023 to be held at Tokyo Big Sight, Japan from Jan. 25 to 27, the company announced on Jan. 25.Doosan will introduce its flagship copper clad laminate (CCL) product line and new products such as PFC, 5G antenna modules, and microele
The Korea Securities Depository (KSD) announced on Jan. 25 that paid-in capital increase in South Korea totaled 34.0998 trillion won consisting of 1,187 cases last year, down 32.6 percent and down 11.8 percent from a year ago, respectively. In KOSPI, 100 cases (down 20 percent) constituted 20.7113 t
The Export-Import Bank of Korea (Korea Eximbank) announced on Jan. 19 that it has signed a project financing (PF) agreement with Saudi Arabia’s Riyad Bank for a cogeneration plant project.The bank's CEO Yoon Hee-sung signed an agreement with Riyad Bank president Tareq Al Sadhan at the Fairmont H
Doosan Enerbility has received the green light in participating in the spent nuclear fuel dry storage business in Korea.The company announced on Jan. 19 that it has received the U.S. Nuclear Regulatory Commission (NRC)’s design certification for the metal storage cask of spent nuclear fuel, which wa
Doosan Enerbility is concentrating its efforts on preoccupying the nascent small module reactor (SMR) market. It has decided to invest in X-Energy, a U.S. SMR technology developer, following its investment in NuScale Power, another U.S. SMR technology pioneer.Doosan Enerbility announced on Jan. 18 t