Tag: Posco

POSCO, a multinational steel-making company headquartered in Pohang, South Korea, signed a memorandum of understanding with Geumgang, a South Korean manufacturer of stainless steel water tanks and water pipes, on co-development and structure analysis of stainless steel water tanks for large-scale water reservoirs. Photo courtesy of POSCO The existing large-scale water reservoirs are made of concrete, causing problems such as water leakage due to cracks and an unsanitary water supply environment.

POSCO selected a team to receive a special reward for the first Innovation POSCO Project (IP PJT). POSCO selected the Steel Building Material Solution PJT Team as a winner pursuant to the increase of profitability of the company through differentiated ideas in order to respond to Chinese-made low-priced products, and awarded them at the Group Operations Meeting on 23 July. The Steel Building Material Solution PJT Team had an innovative idea to create valuable products using low-priced half-finished products, and created a financial result of approx.

POSCO was selected as the world's most competitive steelmaker this year. The World Steel Dynamics (WSD), an information service provider that analyses the global steel market, held the thirtieth Steel Success Strategies (SSS) forum in June, and announced the results of World-Class Steelmaker Rankings.

Multinational steel maker, POSCO will move to install its FINEX 1 plant with an annual capacity of 600,000 tons to the Indian private steel company, Mesco Steel. POSCO, which has comprehensively examined the application plan for facilities after completing the FINEX 1 plant in 2014, decided to move facilities in the Odisha region in India as a result of continued consultation with Mesco Steel.