Latest news with #Posco
Korea Herald
a day ago
- Business
- Korea Herald
Posco honors skilled workers in talent push
Posco Group is investing in workforce excellence through its 'Master Artisan' system, which recognizes outstanding technical professionals and passes down field expertise to the next generation, the Korean steel giant said Tuesday. Established in 2015, the system selects employees with world-class technical skills and exemplary character to enhance the prestige of technical positions and promote the development and transmission of steelmaking technologies. Artisans are evaluated not only on technical prowess but also on their contributions to the company and their integrity. Honorees receive a special promotion, financial rewards, paid leave and post-retirement opportunities as technical consultants to mentor junior staff. Shin Jae-seok, head of Rolling Equipment Department 2 at Posco's steel mill in Pohang, North Gyeongsang Province, was named this year's master artisan on July 16. Since joining the company in 1987, Shin has earned recognition for his exceptional capabilities in high-precision cold rolling technology to improve facility reliability, productivity and quality. To date, Posco has named 29 master artisans across the production, equipment, research and safety domains. The master artisans' achievements are permanently inscribed in the group's Hall of Honor alongside founding members and former CEOs. Posco Group plans to foster pride among its workforce and cultivate top-tier technical talent through such initiatives, advancing its vision of becoming a world-class enterprise.
Yahoo
11-07-2025
- Automotive
- Yahoo
Posco to supply battery anodes to Japanese automaker
Posco Future M Company, the battery materials subsidiary of South Korean steel and chemicals group Posco Holdings Inc, announced that it has signed a battery materials supply deal with a Japanese automaker. In the last two years, Posco has made significant efforts to position itself as a key global supplier of automotive materials, including battery materials, helping global automakers reduce their dependence on Chinese supply chains. Stricter US import regulations under the Trump administration, which aim to cut the use of Chinese components and materials, have accelerated this process as automakers look for alternative suppliers. Posco Future M confirmed that it has signed an agreement tosupply natural graphite-based anode materials to a Japanese automaker from its Sejong plant in South Korea, for use in EV batteries to be produced in Japan. The name of the client and the value of the deal were not disclosed, due to a mutual confidentiality agreement signed by the two companies. Posco Future M, South Korea's only mass producer of battery anode materials, said that the deal with a major Japanese automaker strengthens its competitive position in global markets. The company said in a statement: "We have developed a wide range of natural and artificial graphite anode products tailored to customer needs and are also advancing the commercialization of silicon anodes. By expanding our differentiated product portfolio, enhancing manufacturing capabilities and strengthening our supply chain, we will continue to expand our global customer base.' "Posco to supply battery anodes to Japanese automaker" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-07-2025
- Business
- Yahoo
Posco sells Chinese steel plant
South Korean steelmaker Posco Group has sold its majority stake in its Chinese steel joint venture, Zhangjiagang Pohang Stainless Steel Company (ZPSS), as part of a broader restructuring programme designed to focus or profitable businesses, according to local reports. The company is reported to have sold its 82.5% stake in stainless steel maker ZPSS to the local Tsingshan Holding Group, in a deal valued at around KRW 400 billion (US$ 291 million). China's Jiangsu Shagang Group is understood to still hold the remaining 17.5% of the equity in ZPSS. ZPSS, Posco's first overseas integrated stainless steel operation, has a production capacity of 1.1 million metric tons of steel per year – reportedly more than half of South Korea's total stainless steel output. Price competition in China's steel industry, where there is significant overcapacity, has kept margins low. Last year, under its chairman Chang In-hwa, Posco began to restructure its global operations to focus on high-growth regions, including the US and India, and to sell off its underperforming operations. "Posco sells Chinese steel plant" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Korea Herald
09-07-2025
- Business
- Korea Herald
Posco sells stake in Chinese stainless steel mill: sources
Posco Holdings Inc., the holding company of South Korea's leading steelmaker Posco, has sold its entire stake in a Chinese stainless steel joint venture for around 400 billion won ($291 million), industry sources said Wednesday. According to the sources, Posco Holdings had signed a preliminary deal to sell its 82.5 percent stake in the Zhangjiagang Pohang Stainless Steel (PZSS) steel mill to China's Qingshan Group, the No.1 stainless steelmaker there. PZSS, set up in China's eastern Jiangsu province in 1997, has an annual capacity of 1.1 million tons. Recently, the steel mill has been suffering losses due to oversupply and an economic slowdown in the world's No.2 economy.
Yahoo
03-07-2025
- Business
- Yahoo
POSCO Plans to Build Pilot Plant in Utah, Eyes Lithium Production
Posco Holdings PKX has announced plans to develop a trial lithium processing plant in the United States in collaboration with Australia's Anson Resources. This is in sync with the company's efforts to expand its electric vehicle (EV) battery raw materials supply chain. This is the first time a South Korean company has taken steps to directly produce lithium in North America, enabling it to lessen its reliance on Chinese suppliers in order to meet the new import limits imposed by the United two companies have signed a memorandum of understanding (MoU) to construct the new pilot plant in Green River City, UT, next year. This plant will help determine the viability of Posco's Direct Lithium Extraction (DLE) technology for large-scale commercial production. The method uses natural evaporation to recover lithium from vast, low-concentration brine lakes. Anson Resources has mining rights to a lithium brine location in Utah. Posco's collaboration with Anson Resources will give it an edge over domestic rivals, such as LG Chem, which has supply arrangements with local lithium producers to supply the U.S. market rather than producing lithium themselves. Posco aims to market the DLE technology it developed in 2016, following the successful operation of the demonstration plant in the United States. The company intends to use this technology to invest in and commercialize undeveloped lithium brine lakes across North America. Following Bolivia and Argentina, the United States possesses one of the world's greatest lithium reserves, which are contained in vast brine the past year, shares of PKX have lost 19.8% compared with the industry's 25% decline. Image Source: Zacks Investment Research PKX currently carries a Zacks Rank #3 (Hold).Better-ranked stocks in the basic materials space include Carpenter Technology Corporation CRS, Agnico Eagle Mines AEM and Avino Silver & Gold Mines Ltd. Technology currently carries a Zacks Rank #2 (Buy). CRS beat the Zacks Consensus Estimate in each of the last four quarters, with the average earnings surprise being 11.1%. The company's shares have soared 157.7% in the past year. You can see the complete list of today's Zacks #1 Rank stocks Zacks Consensus Estimate for Agnico Eagle's current-year earnings is pegged at $1.61 per share. AEM, carrying a Zacks Rank #1 (Strong Buy), surpassed the Zacks Consensus Estimate in each of the trailing four quarters, with the average earnings surprise being 12.3%. The company's shares have rallied 74.4% in the past Silver, which currently carries a Zacks Rank #1, beat the consensus estimate in each of the trailing four quarters. In this time frame, it delivered an earnings surprise of roughly 104.1%, on average. ASM's shares have rallied 271.5% in the past year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report POSCO (PKX) : Free Stock Analysis Report Carpenter Technology Corporation (CRS) : Free Stock Analysis Report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report Avino Silver (ASM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
