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 [...]
SEOUL, Aug. 21 (Korea Bizwire) – POSCO Engineering & Construction Co. said Sunday it has won a 950 billion-won (US$832 million) deal to construct a coal-fired power plant in Bangladesh. Under the contract signed with Japanese trading firm Sumitomo Corp., the construction arm of steelmaker POSCO will build a 1,200 megawatt plant and related facilities [...]
SEOUL, Feb. 27 (Korea Bizwire) — POSCO E&C has confirmed to have exposed illegal fundraising of about 10 billion won (US$ 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 [...]
SEOUL, Feb. 9 (Korea Bizwire) – POSCO Engineering and Construction opened lot no. 5 of the Ho Chi Minh City – Dau Giay Expressway (Long Tan – Dau Giay route) on February 8 at Dau Giay, in the southern Ho Chi Minh City area. The expressway is considered to be the beginning point of the South-North [...]
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 [...]
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 [...]
SEOUL, July (Korea Bizwire) – POSCO Engineering & Construction is raising its brand image as a leader in energy plant construction by winning a project to build an oil terminal in the Bahamas. In addition, the Ventanas coal-fired power plant, which recently began operations in Chile’s Valparaíso Region, was the first power generation project that [...]