Search result for POSCO
South Korea's Posco Acquires Australian Senex
Posco International, a trading company based in South Korea, has agreed to take over cash offer with Senex Energy, an Australian gas company. The cash offer has valued Senex at 850 million Australian dollars.
100 percent shares of Senex will be acquired by Posco at a value of 4.60 Austr...
POSCO SAW A RECORD INCREASE IN NET PROFIT BY 162% IN Q1
Highlights –
- POSCO saw a record increase in net profit by 162% in Q1.
- Net profit for the three months that ended in March soared to US$1.02 billion.
- The company’s operating profit in Q1 rose 1.55 trillion won.
- POSCO r...
S. KOREA CONGLOMERATES TO INVEST $38.2 BILLION IN THE HYDROGEN INDUSTRY
Highlights –
- S. Korean conglomerates to invest $38.2 billion in the hydrogen industry.
- SK, Hyundai Motor, POSCO, Hanwha, and Hyosung are ready to invest in a wide range of hydrogen infrastructure.
- SK Group plans to invest 18.5 trillio...
POSCO TO PRODUCTE LITHIUM IN A SALT LAKE IN ARGENTINA IN 2023
Highlights –
- POSCO to produce lithium in a salt lake in Argentina in 2023.
- The steelmaker completed its demo plant near the Salar del Hombre Muerto salt lake in Argentina.
- The salt lake is said to contain 13.5 million tons of lithium ...
POSCO CHEMICAL SOLD SHARES TO RAISE $1.1 BILLION FOR RECHARGEABLE BATTERY BUSINESS
Highlights –
- POSCO Chemical sold shares to raise $1.1 billion for rechargeable battery business.
- POSCO Chemical Co. sold 16.47 million shares at 77,300 won.
- The new shares are said to be listed on the Seoul bourse on Feb. 3.
SOUTH KOREA GEARS UP INVESTMENTS IN HYDROGEN BUSINESS ACROSS VARIOUS SECTORS
Highlights –
- South Korea gears up investments in Hydrogen business across various sectors.
- South Korea is aimed at going carbon neutral by 2050 through its Green New Deal initiative.
- Hyundai Motor Corp. has been developing hydrogen fu...
POSCO INTERNATIONAL TO SHELL OUT 108 BILLION WON FOR OFFSHORE DRILLING IN GAS FIELDS OFF MYANMAR
- POSCO International is all keyed up to invest 108.6 billion won to explore new gas fields in Myanmar.
- POSCO International will carry out speculative drilling at the Mahar area of the A-3 Mining District in northwestern Myanmar.
Currently, a bevy of companies i...
POSCO SYNERGIZES WITH TATA STEEL FOR A FUTURISTIC HIGH SPEED HYPERLOOP TRAIN SYSTEM
- POSCO is all geared up to develop a hyperloop train system, an eco-friendly futuristic transportation method.
- To further this, POSCO has recently inked a deal with Tata Steel Europe to cooperate in the overall hyperloop business field, including developing steel materials ...
POSCO INTERNATIONAL COMBINES WITH SEOUL TECHNO HOLDINGS TO DRIVE STARTUPS TO PERFORMANCE ZENITH
- Posco International said Wednesday it would team up with Seoul Techno Holdings to help startups with global potential.
- The trading firm signed a business proposal with the tech firm of Seoul National University in Seoul to help local startups make a foray into the global market...
AUSSIE MINING COMPANY TEAMS UP SOUTH KOREA’S POSCO
HIGHLIGHTS
- Black Rock Mining of Australia wants to collaborate with POSCO of South Korea.
- This collaboration is for a graphite mining in Tanzania.
Listed in Australian Stock Exchange (ASX), Black Rock Mining has signed a memorandum o...
POSCO CHEMICAL CO. JOINT VENTURE WITH OCI CO.
Highlights –
- POSCO Chemical Co. joint venture with OCI Co.
- Production of high-purity hydrogen peroxide
- The commercial operation to start in 2022
South Korean steel giant POSCO’s refractory and secondary batter...
More car manufacturers entering into the Korean Auto Industry
With every passing day, technology is evolving around us and is enhancing. The number of firms entering the industry is also increasing at a substantial rate. A vast majority of these entrants are inclusive of automakers. Because of this, the automaking industry is not just thriving, but also mov...
Investments being done by South Korea
As the world is running on the economy and all the money matters are very important to the countries. The base of a country is the economy and the financial position that the country has. Economy and income are some terms that are extremely crucial for nations. The success and the development of an...