SEOUL, Sept. 16 (Korea Bizwire) — South Korean steelmaker POSCO said Friday it will complete repairs of manufacturing facilities damaged by a recent typhoon within three months and plan to fully normalize operations by December. Earlier this month, Typhoon Hinnamnor hit the country’s southeastern parts and severely flooded POSCO’s facilities in Pohang, about 270 kilometers [...]
SEOUL, Sept. 14 (Korea Bizwire) — Hyundai Steel Co., South Korea’s No. 2 steelmaker, said Tuesday it has succeeded in the trial production of a low-carbon emission high-end steel sheet that enables a significant reduction in carbon emissions during the production process. The company announced that it had succeeded in the trial production of 1.0 [...]
SEOUL, Sept. 13 (Korea Bizwire) — South Korean steel giant POSCO said Tuesday that its three blast furnaces are back in operation, about a week after the shutdown of the facilities over Typhoon Hinnamnor. POSCO halted the three blast furnaces at its main steel mill in the southeastern city of Pohang last week as the [...]
SEOUL, Sept. 12 (Korea Bizwire) — South Korean steel giant POSCO said Monday it expects to be able to put three blast furnaces back in operation this week, about a week after the shutdown of the structures over Typhoon Hinnamnor. POSCO halted the No. 2, 3 and 4 blast furnaces at its main steel mill [...]
SEOUL, Sept. 11 (Korea Bizwire) — POSCO, South Korea’s top steelmaker, said Sunday it has restarted one of three blast furnaces at its main steel mill, which had been shuttered over Typhoon Hinnamnor last week. POSCO halted operations of the No. 2, 3 and 4 blast furnaces in Pohang, an industrial city located some 270 [...]
SEOUL, Sept. 7 (Korea Bizwire) — Damage from super typhoon Hinnamnor caused POSCO to stop operations of three furnaces, sparking concerns over production loss, industry sources said Wednesday. POSCO, the country’s largest steelmaker, suspended operations of the three of the blast furnaces in the southeastern city of Pohang, about 370 km southeast of Seoul, as [...]
SEOUL, Aug. 25 (Korea Bizwire) — Hyundai Engineering Co. on Tuesday (local time) held a special ceremony to celebrate the completion of a water purification plant in the Democratic Republic of the Congo. This project involved the construction of a water purification plant with a capacity of processing 35,000 tons of water per day and [...]
SEOUL, Aug. 22 (Korea Bizwire) — Hyundai Motor Group and LG Energy Solution (LGES) Ltd. have secured US$710 million in loans and guarantees for their joint project to build a battery cell plant in Indonesia, the companies said Monday. Hyundai and LG will receive the funds from five different international financial firms with a 10-year [...]
SEOUL, Aug. 16 (Korea Bizwire) — LG Chem Ltd. said Tuesday it will build two production facilities in the U.S. state of Illinois with a U.S. food processing company to produce a biodegradable plastic widely used in food packaging. Under the two joint ventures with Archer Daniels Midland Co. (ADM), an agricultural food processor and [...]
SEOUL, Aug. 9 (Korea Bizwire) — SK Geocentric Co., a chemical unit of South Korean’s No. 2 conglomerate SK Group, said Tuesday it is building a plant in China that will produce a high value-added packaging material to expand its presence in Asia’s largest market. SK Geocentric will form a 6:4 joint venture with Zhejiang [...]