Doosan Heavy Industries & Construction Co. would make a rare group of manufacturers in Korea that could expect more opportunities than risks in the upcoming changes in the U.S. market under the expected isolationist leadership of Donald Trump.

Domestic economy-driven economic agenda would serve the construction company well. Trump, who came to defeat the safer and veteran rival Hillary Clinton who supports free trade agenda of President Barack Obama through strong support from the rural White working class, had pledged $1 trillion public infrastructure projects to create jobs for Americans. He also pledged to bolt out of the Paris Climate Agreement that could prop up demand for power generators fueled by coal and oil, another strong area of Doosan.

Doosan Heavy Industries & Construction generates the lion’s share of 77.5 percent revenues from its power generation business and its excavator-making subsidiary Doosan Infracore Co. The firm’s share in the global power generation market rose to 16.1 percent as of the first half this year. An official at Doosan said that the firm could look to an export credit agency (ECA) for project financing to ramp up its overseas export operations upon new demand in the United States. An ECA is a private or quasi-governmental financial institution that offers financing to domestic companies for international export operations and other activities.

Its U.S. manufacturing presence through Doosan Bobcat Inc., a U.S. subsidiary of Doosan Infracore with a 66.5 percent stake, also works in its favor to win construction orders from the federal and state governments.

Doosan Bobcat manufactures a wide range of compact and heavy construction equipments. About 60 percent of its revenue comes from North America. Doosan Heavy Industries & Construction holds a 36.4 percent stake in Doosan Infracore.

The company had been so far focused on emerging economies because the Obama administration was more invested in the renewable energy sources such as solar energy.

By Kim Jung-hwan

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