Doosan Group - Subsidiaries

Subsidiaries

• Doosan Corporation Doosan Corporation underwent a painful restructuring and converted its organizational system into a future-oriented one consisting of 4 business operations.

Doosan Corporation divisions include:

- Electro-Materials: Copper clad laminate and OLED manufacturing

- Mottrol: hydraulic machinary manufacturing

- Glonet: Import & Export Services, Import & Sales of Home Appliances, Chemical Import & Sales, Food Sales, Distribution and Dining Facilities / Trading Division

- Information & Communication: Solution Service, Data Center, ASP

• Doosan Heavy Industries & Construction Established in 1962, Doosan Heavy Industries & Construction has led the development in the nuclear and thermal power plant, desalination plant, casting and forging and construction arenas in North America, Asia, Europe and the Middle East with a total of $4.1 billion in revenue in 2007. Doosan has built over 400 nuclear, thermal and combines cycle power plants. And also, Doosan is one of the few companies in the world that has proprietary technologies for all major three desalination types: Multi Stage Flash (MSF), Multi Effect Distillation (MED) and Reverse Osmosis (RO). As part of the effort to grow as a global business, Doosan acquired the water treatment operations of American Engineering Services Inc., a Romanian heavy machines producer to secure a production base in Europe and also, a leading boiler manufacturer, Mitsui Babcock leveraging over 100 years of experience and the proprietary technology. Moreover, Doosan has established multiple Desalination R&D Centers in Dubai, UAE and in Tampa, U.S., Doosan Babcock E&S of India as an engineering centre in New Delhi and Doosan Babcock R&D Centre in Renfrew, Scotland. As a global contractor in Engineering, Procurement and Construction (EPC), Doosan is continuously developing its expertise around the world. Doosan is currently building Sipat thermal power plant project which will light the homes of 1 billion people in India and the world’s largest desalination plant in Shuaibah with a daily desalination capacity of 880,000 tons in Saudi Arabia. Doosan’s global business goal is to achieve $1.7 billion in 2015, $3 billion in 2030 with 10% of operating income.

• Doosan Infracore is a South Korean company, the former Daewoo Heavy Industries & Machinery. Doosan acquired Daewoo Heavy Industries & Machinery and renamed as Doosan Infracore in April 2005. Along with local manufacturing firms for excavators, construction systems, Doosan Infracore also has a worldwide dealer network of more than 900 dealers and agencies in the U.S., UK, Germany, China, India, Japan and Brazil.