MHI to License MET Turbocharger Manufacturing and Marketing

Under the agreement, which grants non-exclusive licensing rights within Korean territory, Doosan Engine will manufacture and market the turbocharger to local companies. It will also supply units intra-company for use as a standard specification in its lineup of engines.

Doosan Engine is a core company of the Doosan Group, one of Korea's largest heavy machinery manufacturers. Currently Doosan Engine ranks second globally in diesel engine production volume in terms of horsepower. In 2009 the company's revenue was 1,772.6 billion Korean won. The company employs a staff of about 1,300.

The agreement with Doosan Engine represents the second licensing of MET Turbocharger technology to Korea; previously, MHI licensed the technology to Hyundai Heavy Industries, the world's largest diesel engine manufacturer. Now, with licensing to the two companies, the MET Turbocharger will be supplied by the world's top two companies for both internal lineup integration and outside marketing.

Through the latest collaboration, MHI looks for further expansion of the MET Turbocharger's global share; currently 1,700 units are produced per year, accounting for second place in total market share. Going forward MHI will continue its aggressive marketing activities in its quest to capture the world's top share position.

Note:
A turbocharger is a device to supercharge air necessary for combustion in the engine. MHI entered the market with a water-cooled turbocharger in the 1950s. In 1965, the company developed a non-cooled turbocharger, subsequently adopting the brand name of "MET Turbocharger." Since then MHI has introduced various high-efficiency, high-performance turbochargers to the market and expanded the MET Turbocharger Series product portfolio.