In line with the rapidly emerging global push for environmental, social and governance (ESG) management, Posco is pursuing its vision to “build a better future together,” said the company.Posco, a leading steelmaker, announced in...
Posco’s consolidated net profit jumped 162 percent in the first quarter on year to 1.14 trillion won ($1 billion). Quarterly revenue was 16.1 trillion won, up 10.5 percent. Operating profit was 1.55 trillion won, a 120 percent increase.
Posco International on Friday reported 92.9 billion won ($83 million) in net profit in the first quarter, up 44.5 percent on year and an all-time high.
GWANGYANG, South Jeolla – The firing furnaces and conveyor belts were ready to burn and grind materials to make a core component of our future mobility: cathodes.
Posco, the world's fifth-largest steelmaker by output, said Wednesday it will build a plant in Korea to extract lithium hydroxide, a key material for electric vehicle (EV) batteries.
Posco’s operating profit jumped 120 percent in the first quarter to reach 1.55 trillion won ($1.38 billion), the company reported Monday. Quarterly revenue for the steelmaker was 16 trillion won, up 9.98 percent on year.
Posco Chemical will supply anodes, one of four core components of an electric vehicle (EV) battery, to Ultium Cells, an EV battery joint venture between General Motors and LG Energy Solution.
“We’re standing a transition point where the industrial trend is shifting toward low carbon and environmental friendliness,” said Choi in a message sent to Posco employees on Thursday to mark the steelmaker’s 53rd birthday.
The company signed an agreement with the Korea Institute of Science and Technology (KIST) and the Research Institute of Industrial Science & Technology (RIST) on Thursday, to collaborate on developing technology to mass produce hydrogen from ammonia.
Posco Chairman Choi Jeong-woo was approved by the company’s shareholders Friday to serve for a second term.