SEOUL, June 14 (Korea Bizwire) — South Korea’s top steelmaker POSCO Holdings Inc. is set to construct the nation’s inaugural plant that utilizes lithium carbonate for the production of secondary battery materials. The company announced on Tuesday that it held a groundbreaking ceremony for a lithium hydroxide plant at the Yulchon Industrial Complex in Gwangyang, [...]
SEOUL, May 30 (Korea Bizwire) — SKC Co., an advanced materials maker under South Korea’s SK Group, said Tuesday it is joining hands with steel giant POSCO Holdings Inc. to develop next-generation secondary battery components as part of efforts to boost competitiveness in the rapidly growing industry. SKC and POSCO signed a comprehensive business agreement [...]
SEOUL, May 25 (Korea Bizwire) — South Korea’s top steelmaker POSCO Holdings Inc. said Thursday it has dedicated a “giga steel” processing plant in eastern China in a bid to meet future demand for the steel product. The plant, located at its Chinese processing center in Suzhou in Jiangsu province, is aimed at preempting the [...]
SEOUL, May 3 (Korea Bizwire) — POSCO Holdings Inc. said Wednesday it is spending US$441 million to build a nickel refining facility in Indonesia as it pushes to beef up its supply chains of the key secondary battery material. The factory will be located in the Weda Bay industrial park on the northeastern island of [...]
SEOUL, April 27 (Korea Bizwire) — South Korean steel giant POSCO Holdings Inc. said Thursday its first-quarter earnings tumbled nearly 58 percent from a year earlier due to sluggish sales. Consolidated net profit came to 800 billion won (US$597.9 million) in the January-March period, down 57.9 percent from a year earlier, the company said in [...]
SEOUL, April 19 (Korea Bizwire) — POSCO Group, South Korea’s top steelmaker, said Wednesday it is planning to invest more than 4 trillion won (US$3.04 billion) over the next decade to build new growth engine facilities at its plant in a state industrial park on the southwest coast. Seoul is pushing to drastically lift restrictions [...]
SEOUL, April 14 (Korea Bizwire) — POSCO, South Korea’s top steelmaker, said Thursday that it has succeeded in automating its molten metal pre-treatment process. According to the company, the third steel mill located in Pohang, 372 kilometers southeast of Seoul, has developed an automation system for the molten metal pre-treatment process, ranging from limestone injection [...]
SEOUL, April 12 (Korea Bizwire) — POSCO Holdings Inc., South Korea’s top steelmaker, said Wednesday it has signed a memorandum of understanding with Japanese carmaker Honda Motor Co. to cooperate in the electric vehicle (EV) battery materials business. Under the initial deal, the two agreed to explore technical exchanges on key battery materials, such as [...]
SEOUL, March 30 (Korea Bizwire) — POSCO DX Co., a unit of South Korea’s leading steelmaker POSCO, said Wednesday it would develop a roadkill prevention system for wild animals that incorporates artificial intelligence (AI) technology in tandem with the Korea National Park Service. The company, formerly POSCO ICT Co., will set up LiDAR sensors around [...]
SEOUL, March 24 (Korea Bizwire) — South Korean steelmaker POSCO is taking proactive measures to improve the food served at company cafeterias to promote the well-being of its employees. Since January, the company’s steel plant in the southeastern city of Pohang has been holding a weekly event at the cafeteria in which it introduces a [...]