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POSCO Engineering and Construction Breaks Ground For 2 High Rises In Jakarta

POSCO Engineering and Construction Breaks Ground For 2 High Rises In Jakarta

SEOUL, Sept. 22 (Korea Bizwire) — POSCO Engineering & Construction Co. said Friday it has broken ground for two high rises in a central business district in Jakarta. The construction arm of South Korea’s top steelmaker POSCO said the buildings will be constructed at a cost of about US$300 million. The buildings are scheduled to [...]

POSCO E&C Faces Possible Investigation over Illegal Fundraising in Vietnam

POSCO E&C Faces Possible Investigation over Illegal Fundraising in Vietnam

SEOUL, Feb. 27 (Korea Bizwire) — POSCO E&C has confirmed to have exposed illegal fundraising of about 10 billion won (US$ 9.1 million) by executive members of the company’s Vietnam branch, on February 26. Judicial authorities are likely to launch a formal investigation, since Prime Minister Lee Wan-goo has ordered further examination of the case.  The company [...]

Korea’s Exim Bank to Offer $1.3 Billion Financing to POSCO’s Brazil Steel Mill

Korea’s Exim Bank to Offer $1.3 Billion Financing to POSCO’s Brazil Steel Mill

SEOUL, Dec. 4 (Korea Bizwire) – The Export-Import Bank of Korea (Korea Eximbank) plans to provide US$1.3 billion worth of financing to an integrated steel mill which Korea’s POSCO E&C is building in Brazil. Korea Eximbank announced on December 3 that it would make a US$1.3 billion investment in the plant, including a US$910 million loan [...]

POSCO E&C Clinches $1.1 Bil. Power Plant Deal in Nigeria

POSCO E&C Clinches $1.1 Bil. Power Plant Deal in Nigeria

SEOUL, Sep. 17 (Korea Bizwire) – Korea’s construction contractors are moving in Africa in droves. Following the groundbreaking ceremony to build a US$160-million bridge linking Botswana with Zambia won by Daewoo Engineering & Construction, POSCO Engineering & Construction landed a deal to build a gas-fired thermal power plant in Nigeria worth $1.14 billion. POSCO E&C said on September [...]