Doosan Corporation

Conglomerate, Construction, Energy
South Korea

Doosan Corporation is the parent company of the construction equipment brand Bobcat, which also does business in Iran.

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Doosan has a significant presence in Iran’s energy sector, having constructed at least nine power plants in Iran.  (Doosan Heavy Industries Website. “Major Projects”). 

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Doosan has won orders to supply more than 60 Heat Recovery Steam Generators (HRSGs) for Iran.  (Doosan Website. “Doosan Wins Successive Orders for Power Generation Equipment from Iran, Vietnam,” 7/21/2009; Doosan Website. “Doosan Heavy Industries and Construction wins 74 million-euro power plant project in Iran,” 6/14/2009). 

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Recently, Doosan has also worked directly with the Iran Oil Company, specifically on LPG Recovery for the Win-teco/Lavan Oil Refinery in Iran in 2007, and the SAZEH Ball Tank project for Win-teco/National Iran Oil Company in 2008 (Doosan Mecatec Website. “Major Accomplishments”). 

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In total, all Doosan companies have received more than $100 million from the U.S. Government in federal contracts since 2000 (USASpending.gov).