SEOUL, Sept. 9 (Korea Bizwire) — POSCO Chemical Co. said Thursday that it has acquired a 13 percent stake in Qingdao Zhongshuo New Energy Technology Co. for 4.9 billion won (US$4.2 million) in the latest move to secure a key material required to make anodes used for EV batteries. The chemical unit of South Korean [...]
SEOUL, Sept. 7 (Korea Bizwire) — South Korean shipbuilders far outstripped their Chinese rivals in terms of new orders in August, retaining their top spot for the fourth straight month, industry data showed Tuesday. Local shipbuilders led by Hyundai Heavy Industries Co. won a combined 780,000 compensated gross tons (CGTs) in new orders last month, [...]
SEOUL, Sept. 7 (Korea Bizwire) — POSCO International Corp., a South Korean general trading company, said Monday that together with local auto part maker Erae Automotive Systems Co. it had received an order to supply electronic vehicle (EV) components to a North American EV startup. The company will supply about 145 billion won (US$125 million) [...]
SEOUL, Sept. 6 (Korea Bizwire) — Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Monday it will develop liquefied hydrogen tanks for ships alongside top steel maker POSCO. Korea Research Institute of Ships and Ocean Engineering (KRISO) and liquefied hydrogen tank maker Hylium Industries Inc. will also participate in the project to develop the tanks, [...]
SEOUL, Sept. 6 (Korea Bizwire) — Samsung Heavy Industries Co. said Monday it has succeeded in demonstrating a ship collision avoidance system. The shipbuilder’s remote autonomous navigation system, known as Samsung Autonomous Ship (SAS), helped two autonomous ships travelling their trajectories avoid by detecting each other in seas off the southwestern island of Gageo, Samsung [...]
SEOUL, Sept. 3 (Korea Bizwire) — Austrian automotive lighting system firm ZKW Group, which was purchased by LG Electronics Inc. in 2018, said Thursday that it will more than double the size of a plant in Mexico to expand production output. ZKW’s Silao plant in Mexico has been engaged in the production of premium lighting [...]
SEOUL, Sept. 2 (Korea Bizwire) — South Korean petrochemical company DL Chemical Co. announced on Wednesday that it is carrying out field tests for industrial packaging bags containing more than 35 percent of recycled raw materials. The company said that by making use of next-generation metallocene polyethylene developed last year in the production of industrial [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korea’s power plant builder Doosan Heavy Industries & Construction Co. said Wednesday it has signed a deal with U.S. small modular reactor (SMR) maker X-energy to design a small SMR based on high-temperature gas-cooled reactor (HTGR) technology. Under the deal, Doosan Heavy will design X-energy’s SMR, an 80 [...]
SEOUL, Sept. 1 (Korea Bizwire) — Global shipbuilder Hyundai Heavy Industries Co. said on Wednesday that it has signed a partnership deal with British defense company Bobcock to cooperate on a project to build South Korea’s first aircraft carrier. Under the deal, the two companies will team up to receive an order for the 30,000-ton [...]
SEOUL, Aug. 31 (Korea Bizwire) — POSCO, the world’s fifth-largest steelmaker by output, said Tuesday it has signed an initial agreement with Array Technologies Inc. to provide a corrosion resistant product to the U.S. manufacturer of ground-mounting systems used in solar energy projects. Under the memorandum of understanding inked virtually, POSCO will begin providing 200,000 [...]