Posco International secured $917 million worth of EV materials deals with U.S. and European automakers to supply permanent magnets.
New factories producing a key EV component are part of the company's plans to claim 10 percent of the market by 2030.
Hyundai Motor and Kia placed another major order for EV motor cores with Posco International, the parent company of auto parts subsidiary Posco Mobility Solution.
Posco International plans to establish a modular building production facility in Ukraine, focusing on postwar reconstruction projects.
Posco International will supply battery materials worth $4.42 billion to Lotte Energy Materials, including 600,000 tons of copper foil raw materials until 2033. The global copper foil market is expected to triple by 2025 due to a rise in EV adoption.
Posco International will enter the U.S. grain market through a joint investment with Bartlett and Company, aiming to handle 5 million tons of grain annually by 2030.
Equinor, Norway’s state-run oil and gas supplier, will work with Posco International to build the world’s largest offshore floating wind farm in Ulsan, the companies said Thursday.
Trade and energy company Posco International is entering the U.S. carbon capture and storage (CCS) business as the first Korean company to make a foray into the market.
Senex Energy, Posco International's Australia-based subsidiary, signed several long-term gas supply deals with Australian companies.
Posco International and Indonesia’s state-run Pertamina Hulu Energi (PHE) signed a production-sharing agreement with the Indonesian government for an offshore oil and gas field in the country on Tuesday.
Korea JoongAng Daily Sitemap
