Posco International Corporation (047050)

Overview

Posco International Corporation, headquartered in Seoul, South Korea, is a multifaceted conglomerate with a global presence, engaging in a broad spectrum of activities in trading, resource development, and infrastructure development and operation businesses. The company, founded in 1967, was previously known as Posco Daewoo Corporation before changing its name to Posco International Corporation in March 2019. Its operations extend across the energy sector, including gas exploration, production, transportation, and storage, as well as in the development of oil and gas resources. Posco International Corporation is known for its involvement in the LNG infrastructure and the renewable energy projects, marking its pivot towards sustainable and green energy solutions. Operating as a subsidiary of POSCO Holdings Inc., it signifies a strategic alignment within the POSCO family to leverage synergies across different segments of the industrial spectrum.

Products and Services

• Energy Business Solutions: This includes exploration, production, trading, transportation, and storage of gas, capitalizing on LNG terminals and cycle power generation. Their extensive involvement in LNG infrastructure, including import terminals and liquefaction plants, underscores their capacity in the energy sector.
• New and Renewable Energy Projects: Posco International Corporation is actively involved in solar energy, wind power, and other renewable energy projects. They also engage in the development of hydrogen fuel cells and battery materials, contributing to the advancement of clean energy technologies.
• Steel and Metal Products: The company provides a variety of steel materials and products including semi-finished products, bar-shaped steel, and more, intended for use in various industries such as construction, automotive, plant, machinery, shipbuilding, and energy sectors.
• Green Industries Products: In line with global sustainability trends, it produces materials for green industries including ultra-thin stainless steel precision materials used in battery pouch materials and smartphone parts, and materials for hydrogen fuel cells.
• Chemicals and Advanced Materials: Posco International Corporation offers an array of chemical products including bioplastics, synthetic resin, and chemical rubber, catering to diverse industrial requirements. It also specializes in carbon black, a material used in the manufacturing of tires and other rubber products.
• Infrastructure and Industrial Plants: The company takes part in large-scale infrastructure projects, such as airport lighting, railways, and ferroalloy submerged arc furnaces, showcasing their versatility and capability in handling complex industrial operations.
• Automotive and Smart Mobility Solutions: With a stake in the future of mobility, Posco International is engaged in the production of auto parts, traction motor cores, and materials for Urban Air Mobility (UAM) and drones, cementing its place in the evolving automotive and smart mobility sectors.
• Online Steel Platform: The corporation has embraced digital transformation by operating an online platform for steel products, highlighting its commitment to innovation and customer convenience.