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POSCO Group eyes W102 tril. In sales in 2023


POSCO Group eyes W102 tril. in sales in 2023
Posted : 2021-01-28 16:45
By Nam Hyun-woo
POSCO operating profit POSCO Group has set a bold target of achieving 102 trillion won ($91.3 billion) in aggregate sales in 2023, according to the steelmaker, Wednesday.
During a conference call on fourth-quarter 2020 earnings, POSCO said it will seek to achieve 102 trillion won in aggregate sales in 2023. POSCO s global infrastructure business will account for 51 trillion won, followed by steelmaking accounting for 46 trillion won and new growth engines, encompassing hydrogen and electric vehicle (EV) materials, accounting 5 trillion won.
The conglomerate said it will accomplish the target by improving synergy between its LNG, food and eco-friendly construction affiliates. For its steel business, POSCO will focus on materials for advanced mobility and eco-friendly products, while saving costs to improve overall profitability. ....

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