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...In Seoul, Doosan Infracore was down 4.7 per cent....
...Doosan Infracore planned to use its share of the proceeds to pay down debt....
...A decade ago, Hyundai Heavy and South Korean peer Doosan Infracore dominated the Chinese market for excavators — the key product in the construction equipment market — with a combined market share of 40...
...Samsung has the most complex cross-shareholding structure among Korean chaebol groups – other groups, including LG and Doosan control their various units under a holding company....
...Doosan shares closed up 4.1 per cent in Seoul on Monday with analysts attributing the rise to the news that Doosan would not need a share issue to fund a possible acquisition of Ansaldo Energia at this stage...
...Doosan, which makes heavy machinery, said in June that it would make its 700 temporary workers full-time employees as the group works to “enhance its social responsibility”....
...Doosan Infracore, a heavy machinery maker, had been expected to post an operating profit of Won107.8bn ($98m) in the quarter; its operating profit came in just at Won31.4bn....
...Germany’s Siemens and Doosan of South Korea have made offers, but Finmeccanica says it needs a new government in place to finalise the deal....
...Doosan Heavy Industries & Construction, a power equipment maker, acquired a British water treatment company in November to boost its desalination business....
...Hyundai Motor, Samsung Techwin and Doosan Group are each selling 10 per cent holdings in KAI, in addition to Korea Finance selling a 26.4 per cent stake....
...For example, Doosan Heavy Industries & Construction, South Korea’s biggest power plant and equipment maker, won a $3.4bn deal to build a power plant in Saudi Arabia in 2010....
...Hyundai Motor, Samsung Techwin and Doosan Group are each selling 10 per cent holdings in KAI....
...Doosan Heavy Industries & Construction , another power equipment maker, surged 5.4 per cent to Won66,500 on the news. The Kospi index, however, fell 0.5 per cent to 1,919.1....
...… London Art Fair January 18-22 Business Design Centre, 52 Upper Street, London N1 0QH www.londonartfair.co.uk The main fair features work by 20th century British artists....
...Doosan Heavy Industries & Construction shot up 5.7 per cent to Won65,000 on easing concerns about nuclear energy demand....
...Trade was choppy in Seoul, as shipbuilders were hit by profit-taking after recent gains, sending Doosan Heavy Industries down 3.9 per cent to Won62,100 and Hyundai Heavy Industries 1.1 per cent lower to...
Renewed optimism about global recovery
...Doosan was one of the first South Korean chaebol to sell core businesses, including its brewing operation....
...Shares of Doosan Heavy closed up 1.06 per cent at Won85,800, outperforming a 0.56 per cent rise in the broader market. The facility that Doosan will build for Saudi Electric is a 2,800 megawatt plant....
...Doosan Infracore, the construction equipment maker, ran into trouble after buying the Bobcat industry machinery units from Ingersoll-Rand for $4.9bn, as demand for construction equipment slumped amid the...
...Mitsui & Co fell 2.7 per cent to Y1,293 and rival Mitsubishi Corp dropped 2.4 per cent to Y2,000....
...Namita Panjabi, co-founder, Masala World restaurant chain....
...While his fourth brother is the group’s chairman, Mr Park runs the group’s holding company, Doosan Corp, and its three other flagship companies – Doosan Infracore, Doosan Heavy Industries & Construction...
...Doosan Infracore, the South Korean construction equipment maker, ran into trouble after buying the Bobcat industrial machinery units from Ingersoll-Rand for $4.9bn in 2007 as demand for construction equipment...
...Doosan is a latecomer to the fast-growing market, which is dominated by companies such as Denmark’s Vestas and Siemens of Germany....
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