SEOUL, July 7 (Korea Bizwire) — POSCO International Corp., a unit of South Korean steel giant POSCO Holdings Inc., said Thursday it has begun the construction of an electric vehicle (EV) parts plant in Mexico as it pushes to expand its EV-related business. The driving motor core-producing plant in Ramos Arizpe in the state of [...]
SEOUL, June 2 (Korea Bizwire) — POSCO International Corp., a South Korean grain trader, said Thursday it has been working to transport 2,000 tons of wheat from its terminal in Ukraine in a partial resumption of its grain exports since Russia’s invasion of the major grain producer. The trading arm of South Korean steel giant [...]
SEOUL, May 4 (Korea Bizwire) — Major Korean refiner GS Caltex Corp. has joined hands with POSCO International Corp., the trading arm of steel giant POSCO, to strengthen its eco-friendly bio business. The two parties recently signed a memorandum of understanding to create a value chain from raw material refining to biochemical product production by [...]
SEOUL, Jan. 18 (Korea Bizwire) — South Korea on Tuesday recommended POSCO International Corp. exercise greater corporate social responsibility over its palm oil business in Indonesia following a complaint by civic groups about its alleged adverse impacts on the environment. The Korean National Contact Point (KNCP) for the Organization for Economic Cooperation and Development (OECD) [...]
SEOUL, Dec. 22 (Korea Bizwire) — POSCO International Corp., the trading arm of South Korean steel giant POSCO, is set to build a plant in Mexico for the production of traction motor cores in its bid to gain a larger share of the fast-growing North American market. The company held a board meeting on Wednesday [...]
SEOUL, Dec. 10 (Korea Bizwire) — POSCO International Corp., the trading arm of steel giant POSCO, said Friday it has acquired an Australian gas producer for 372 billion won (US$315 million). POSCO International took over a 50.1 percent stake in Senex Energy Ltd., with Australia’s local company Hancock Energy acquiring the remaining stake, the company [...]
SEOUL, Dec. 8 (Korea Bizwire) — POSCO International Corp., the trading arm of South Korean steel giant POSCO, said Wednesday it has set up a holding company in Singapore to further expand its palm oil business overseas. The holding firm, named AGPA, was established last month in the city state and process is under way [...]
SEOUL, Nov. 23 (Korea Bizwire) — POSCO International Corp., the trading arm of South Korean steel giant POSCO, said Tuesday it and a smaller domestic partner will supply half shafts for electric vehicles (EV) to Rivian Automotive Inc. POSCO International and Erae AMS have won the 145 billion won (US$122 million) order to supply the [...]
SEOUL, Nov. 12 (Korea Bizwire) — POSCO International Corp. a trading arm of South Korean steel giant POSCO, said Friday it has signed contracts with Australian and Mexican companies to bring in 180,000 liters of urea solution in an effort to help ease the serious domestic supply crunch of the material. Under the deal, Australia-based [...]
SEOUL, Nov. 1 (Korea Bizwire) – POSCO International Corp., the trading unit of South Korean steel giant POSCO, said Monday it signed an agreement with Malaysia’s state-owned oil and gas company to explore and operate a gas field in the Southeast Asian country. In August, POSCO International won an international bidding to explore and operate [...]