Page 4 - Gwangyang News Today

POSCO starts building electric furnace in Gwangyang

Posco Holdings has confirmed a total of six finalists to compete for the Korean steel giant's top post, as the current Chairman Choi Jeong-woo’s official term is due to expire in March. On Wednesday, the company's CEO Recommendation Committee unveiled the six chairman candidates, including three Posco veterans and three outsiders, after their eight meetings over the past few weeks. The committee has b...

Posco Future M said Wednesday it broke the record in revenue last year, driven by large-scale supply deals of electric vehicle battery materials. According to the company’s earnings report, annual sales revenue soared 44.2 percent on-year to 4.76 trillion won ($3.57 billion). In particular, sales of the battery materials business skyrocketed 73.4 percent to 3.36 trillion won, with an increase in the supply of c...

Posco Group and the United Arab Emirates' Abu Dhabi National Oil Company will collaborate on blue hydrogen production facilities in Gwangyang, South Jeolla Province, Posco International said Wednesday. Posco International, Posco Holdings and ADNOC signed a three-way strategic collaboration agreement at the UAE energy group’s headquarters in Abu Dhabi. Under the agreement, the three companies will build blu...

Synopsis:South Korea's POSCO successfully raises $500 million through global green bonds, earmarked for domestic facility upgrades. The three-year U.S. dollar b

The amount of Russian aluminium stored in London Metal Exchange warehouses more than doubled over the course of December. By the end of the month Russian-brand metal accounted for 90%... -January 15, 2024 at 08:54 am EST - MarketScreener

By Kwanwoo Jun Posco Holdings shares climbed after the steelmaker unveiled a joint venture project to produce rare gases for making semiconductors in South Korea. Posco rose as much as...

Posco Holdings said Wednesday it has joined forces with a Chinese cryogenic equipment and engineering firm to produce rare gases essential for chip fabrication in South Korea, securing a domestic supply chain. Rare gases, or noble gases, are a group of chemically inert gases that include krypton, neon and xenon. While found in extremely small amounts in the atmosphere, these gases are widely used in the production of...

POSCO Holdings will build a production facility for rare gases used in manufacturing chips, displays and other cutting-edge tech products, in a move to localize production, the Korean steelmaker said Wednesday.

Korean industrial giant POSCO Holdings has formed a JV with Chinas Zhongtai Cryogenic Technology to boost production of rare gases for local chip companies.