SEOUL, Oct. 23 (Korea Bizwire) — POSCO International Corp. said Friday its third-quarter earnings swelled more than 25 percent from a year ago on strong sales stemming from rising material costs. Its consolidated net income came to 69 billion won (US$58.5 million) in the July-September period, up 25.4 percent from a year earlier, the trading [...]
SEOUL, Oct. 18 (Korea Bizwire) — POSCO International Corp. on Monday said it is in talks to take over Australian coal seam gas producer Senex Energy Ltd. Earlier in the day, Reuters reported the Australia company received a US$605 million takeover proposal from the South Korean company, the trading arm of the country’s top steelmaker, [...]
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, June 10 (Korea Bizwire) — POSCO International Corp. has joined hands with a domestic tech startup to make inroads into foreign medical robot markets. The South Korean general trading company Said Wednesday that it had signed a business agreement with medical robot startup Biot Korea Inc. as part of efforts to seek business opportunities [...]
SEOUL, March 8 (Korea Bizwire) — POSCO International Corp. said Monday its steel processing unit will expand its production capacity of bipolar plates used in hydrogen fuel cell-powered electric vehicles to meet growing demand. POSCO SPS, wholly owned by POSCO International, will produce 10,000 tons a year of fuel-cell bipolar plates by 2027, which is [...]
SEOUL, Feb. 2 (Korea Bizwire) — POSCO International Corp. has announced plans to expand its automotive motor core business as part of efforts to cope with the growth in demand for eco-friendly vehicles. The South Korean general trading company revealed on Monday that it formulated blueprints aimed at supplying 4 million units of automotive motor [...]
SEOUL, Oct. 13 (Korea Bizwire) — POSCO International Corp., a South Korean general trading company, said Tuesday that it has signed a deal to supply half shafts to Vietnamese startup VinFast next year for its first electric vehicles. The auto parts to be built by Erae Automotive Systems Co., a small South Korean auto parts [...]
SEOUL, Aug. 6 (Korea Bizwire) — POSCO International Corp., a South Korean general trading company, is stepping up to support local farmers and the food value chain through cooperation between the public and private sectors. The affiliate of South Korean steel giant POSCO signed a memorandum of understanding with the Rural Development Administration (RDA) on [...]
SEOUL, Feb. 17 (Korea Bizwire) — POSCO International Corp., a South Korean general trading company, said Monday that it has discovered a prospective gas field off the western coast of Myanmar. A drill stem test in the Mahar exploration well in Block A-3 in December showed that the area is expected to produce about 38 [...]