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Doosan Engineering & Construction (Korean: 두산건설) is a South Korean general construction company. Since its inception in 1960, the company has engaged in the construction of infrastructure facilities, including roads, railroads, bridges, ports, buildings and residential facilities.
In 2021, Hyundai Heavy Industries Group purchased a 35 percent stake in Doosan Infracore for 850 billion won. [14] [15] However, Doosan Infracore's 51 percent stake in Doosan Bobcat was not included as part of the sale. [16] Hyundai Doosan Infracore changed its brand name to Develon and adopted the new corporate name HD Hyundai Infracore in 2023.
K30 self-propelled anti-aircraft vehicles of the 11th Division Air Defense Unit of the Republic of Korea Army under live fire training. The K30 was first announced as a project in 1983 with 600 personnel conducting research and around 10 billion won spent on R&D. [6] In September 2001, the production of prototypes were done under Tong-il Heavy Industries before Doosan Infracore concluded a ...
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On January 1, 2018, Doosan Infracore and Doosan Bobcat were separated into independent companies, ending a seven-year relationship. [7] In July 2021, Doosan Infracore was acquired by Hyundai Heavy Industries , which paid approximately $722.45 million for a 30% controlling stake in the company.
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On January 1, 2018, Doosan and Doosan Bobcat were separated into independent companies. [6] In July 2021, Doosan Infracore was acquired by Hyundai Heavy Industries, which paid approximately $722.45 million for a 30% controlling stake in the company. Doosan Infracore is planned to become a subsidiary of the newly created Hyundai Genuine group. [7]