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 [...]
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 [...]