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Doosan Groups AI-Focused Portfolio Drives Strong Q2 Outlook
Doosan Group is riding the AI wave, positioning its diverse businesses to benefit from the expanding artificial‑intelligence supply chain.
According to market‑tracking firm FnGuide, the conglomerate’s second‑quarter sales are projected at 5.5 trillion won ($3.62 billion), while operating profit is expected to reach 465 billion won—a 3 % rise in revenue and a 30 % jump in profit year‑on‑year.
A key driver of this growth is the company’s copper‑clad laminate (CCL) unit, which supplies the fast, low‑loss materials that power‑hungry AI servers and high‑performance computing systems demand. In the first quarter, CCL sales hit 617.3 billion won, up 53.2 % from a year earlier, and operating profit climbed 59.9 % to 185.6 billion won.
To meet the surge in demand, Doosan announced a 180 billion‑won investment to build a new CCL plant at Araya Industrial Park in Thailand and to expand capacity at its main facilities in Jeungpyeong County, North Chungcheong Province.
"The Electro‑Materials Business Group accounts for nearly half of Doosan’s net asset value," said Daishin Securities analyst Lee Kyung‑yeon. "We expect the recent investments to capture growing global demand for high‑end CCLs used in next‑generation AI accelerators, marking the beginning of a long‑term growth cycle."
Doosan Enerbility, the group’s power‑infrastructure arm, is also riding the data‑center power boom. In Q1, it secured contracts for ten gas turbines at data‑center sites, including a five‑unit order from Elon Musk’s xAI for 380‑megawatt natural‑gas turbines that will power graphics‑processing‑unit clusters. Additional steam‑turbine orders from North America have followed, enabling combined‑cycle generation.
"Of the roughly 1,000 gigawatts of gas‑power plant projects currently under development worldwide, more than 70 % have yet to announce or select their gas‑turbine suppliers," noted Kiwoom Securities analyst Cho Jae‑won. "This highlights the size of the potential market that Doosan Enerbility can penetrate. We expect order opportunities for gas turbines for on‑site power generation at data centers to continue expanding, and the demand for steam turbines is also increasing."
Doosan Enerbility projects that it will secure cumulative orders for more than 100 gas turbines by 2034, generating annual service revenue of about 1 trillion won. Recent contracts include several U.S. data‑center projects, reflecting a broader trend of hyperscale operators turning to on‑site gas‑turbine generators to meet the high power demands of AI workloads.
On June 8, the group also announced a company‑wide partnership with Nvidia, aiming to link its electronic‑materials, robotics, and energy‑systems divisions with Nvidia’s AI platforms.
The combination of a high‑growth semiconductor‑materials segment, a data‑center power arm, and a strategic alliance with a leading AI chipmaker positions Doosan Group to capture a share of the AI supply chain. Its Q2 outlook reflects momentum in both the materials and power sectors, while expansion plans in Thailand and North America signal a continued focus on meeting global demand.
At present, Doosan Corp. is expected to report Q2 results that confirm the projected sales and operating‑profit growth. The company’s investments in CCL capacity and the expansion of its gas‑turbine portfolio are ongoing, with additional orders anticipated as data‑center operators seek reliable, high‑capacity power solutions for AI workloads. The broader AI industry remains a key driver of demand for both advanced materials and power infrastructure, and Doosan Group’s diversified portfolio is positioned to benefit from that trend.
According to market‑tracking firm FnGuide, the conglomerate’s second‑quarter sales are projected at 5.5 trillion won ($3.62 billion), while operating profit is expected to reach 465 billion won—a 3 % rise in revenue and a 30 % jump in profit year‑on‑year.
A key driver of this growth is the company’s copper‑clad laminate (CCL) unit, which supplies the fast, low‑loss materials that power‑hungry AI servers and high‑performance computing systems demand. In the first quarter, CCL sales hit 617.3 billion won, up 53.2 % from a year earlier, and operating profit climbed 59.9 % to 185.6 billion won.
To meet the surge in demand, Doosan announced a 180 billion‑won investment to build a new CCL plant at Araya Industrial Park in Thailand and to expand capacity at its main facilities in Jeungpyeong County, North Chungcheong Province.
"The Electro‑Materials Business Group accounts for nearly half of Doosan’s net asset value," said Daishin Securities analyst Lee Kyung‑yeon. "We expect the recent investments to capture growing global demand for high‑end CCLs used in next‑generation AI accelerators, marking the beginning of a long‑term growth cycle."
Doosan Enerbility, the group’s power‑infrastructure arm, is also riding the data‑center power boom. In Q1, it secured contracts for ten gas turbines at data‑center sites, including a five‑unit order from Elon Musk’s xAI for 380‑megawatt natural‑gas turbines that will power graphics‑processing‑unit clusters. Additional steam‑turbine orders from North America have followed, enabling combined‑cycle generation.
"Of the roughly 1,000 gigawatts of gas‑power plant projects currently under development worldwide, more than 70 % have yet to announce or select their gas‑turbine suppliers," noted Kiwoom Securities analyst Cho Jae‑won. "This highlights the size of the potential market that Doosan Enerbility can penetrate. We expect order opportunities for gas turbines for on‑site power generation at data centers to continue expanding, and the demand for steam turbines is also increasing."
Doosan Enerbility projects that it will secure cumulative orders for more than 100 gas turbines by 2034, generating annual service revenue of about 1 trillion won. Recent contracts include several U.S. data‑center projects, reflecting a broader trend of hyperscale operators turning to on‑site gas‑turbine generators to meet the high power demands of AI workloads.
On June 8, the group also announced a company‑wide partnership with Nvidia, aiming to link its electronic‑materials, robotics, and energy‑systems divisions with Nvidia’s AI platforms.
The combination of a high‑growth semiconductor‑materials segment, a data‑center power arm, and a strategic alliance with a leading AI chipmaker positions Doosan Group to capture a share of the AI supply chain. Its Q2 outlook reflects momentum in both the materials and power sectors, while expansion plans in Thailand and North America signal a continued focus on meeting global demand.
At present, Doosan Corp. is expected to report Q2 results that confirm the projected sales and operating‑profit growth. The company’s investments in CCL capacity and the expansion of its gas‑turbine portfolio are ongoing, with additional orders anticipated as data‑center operators seek reliable, high‑capacity power solutions for AI workloads. The broader AI industry remains a key driver of demand for both advanced materials and power infrastructure, and Doosan Group’s diversified portfolio is positioned to benefit from that trend.
