SEOUL, Jul. 9 (Korea Bizwire) — POSCO International Corp. said Tuesday it has completed the construction of a liquefied natural gas (LNG) terminal, marking the first such facility operated by a private business. The trading and energy unit of South Korea’s top steelmaker, POSCO, said the completion of the terminal, which includes six storage tanks, [...]
SEOUL, Jun. 7 (Korea Bizwire) – Facing intensifying headwinds in the global steel industry, POSCO, South Korea’s largest steelmaker, has reinstated a five-day workweek for its executives, just four months after pioneering a four-day schedule in an attempt to improve work-life balance. According to industry sources, POSCO notified employees last month that senior managers would return [...]
Hazer and POSCO to develop a project pathway for the integration of Hazer’s hydrogen and graphite production technology into POSCO’s steel manufacturing process. MoU represents delivery of the next phase of Hazer’s scale-up strategy into key commercial markets with tier-1 partners. Steel making is a carbon intensive industry, responsible for over 8% of global carbon [...]
SEOUL, Apr. 26 (Korea Bizwire) — POSCO Future M Co., the battery materials unit of POSCO Holdings Inc., said Friday it will set up a joint venture (JV) with Honda Motor Co. in Canada mainly for the supply of a core battery material to the Japanese carmaker. The two companies have signed a memorandum of [...]
SEOUL, Mar. 20 (Korea Bizwire) – POSCO Holdings, a major South Korean steelmaker listed on the KOSPI index, has seen a precipitous drop in foreign shareholdings over the past year, as global investors grow increasingly wary of the company’s climate impact and carbon footprint. According to data from the Korea Exchange, foreign ownership of POSCO Holdings [...]
SEOUL, Feb. 26 (Korea Bizwire) — POSCO International Corp., the trading unit of South Korea’s leading steelmaker POSCO, said Monday it will expand its overseas traction motor core production capacity to secure a new growth driver. In a recent board meeting, POSCO International decided to build the No. 2 traction motor core plant in Mexico [...]
SEOUL, Dec. 27 (Korea Bizwire) — POSCO Holdings Inc. said Wednesday it has joined hands with a Chinese firm to build a plant for rare gases used mainly in chipmaking in a bid to meet growing domestic demand. South Korea’s top steelmaker said it will break ground in 2024 on the factory, which will be [...]
SEOUL, Dec. 18 (Korea Bizwire) – POSCO E&C is actively championing the significance of bees in safeguarding the global environment. In support of this cause, the company has crafted a series of animated videos addressing the critical issues of bee extinction and the severity of the garbage problem. Titled “Green Earth Guard Eco-Ranger,” the animated series, [...]
SEOUL, Dec. 5 (Korea Bizwire) — South Korean steel company POSCO Holdings Inc. said Tuesday it plans to build an industrial gas production facility at a secondary battery complex in the country’s southeastern port city of Pohang. The company plans to invest 100 billion won (US$76.3 million) in the 16,500-square-meter facility, with an annual production [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korean steel titan POSCO Group completed its first domestic lithium hydroxide factory on the country’s south coast Wednesday in a bid to bolster its battery business, the group said. The plant, located in an industrial complex in Suncheon, about 290 kilometers south of Seoul, can turn out 21,500 [...]