POSCO Holdings Inc - Company Profile
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Business Description
POSCO Holdings Inc (POSCO) is an integrated steel producer. It manufactures and supplies hot rolled and cold rolled products, plates, stainless steel, and wire rods. The company serves automobile, machinery, nuclear, power plants, ship building, aeronautics, and electronic sectors.
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R&D Overview
POSCO maintains extensive R&D programs, with a focus on advanced steel manufacturing technologies. As of December 2022, POSCO Technical Research Laboratories employed 872 personnel, including 482 researchers. The company launched the New Experience of Technology Hub, which concentrates on R&D in artificial intelligence, raw materials for electric rechargeable batteries, and environmentally friendly energy solutions. The Hub employed 99 personnel, including 27 researchers. POSCO collaborates closely with Pohang University of Science & Technology and the Research Institute of Industrial Science and Technology. As of December 2022, the company's R&D efforts have resulted in over 47,200 industrial rights applications, with around 11,300 registered, contributing to continuous improvement in their manufacturing process. In FY2022, the company’s R&D expenditure stood at KRW179.7 billion, an increase of 46% over the previous year.
Business Segments
Overview
Includes planning, designing and construction of industrial plants, commercial and residential buildings, and civil engineering projects in domestic and overseas markets. Operates through POSCO E&C, which has diversified operations, including construction of high-end apartment complexes, civil engineering projects, and urban planning and development projects.
Performance
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Overview
Comprises Power generation, logistics, network, and system integration business.
Performance
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Overview
Manufactures and sells energy-related and other industrial materials by POSCO Future M. Includes EV battery materials such as negative/cathode materials, lithium, nickel, and hydrogen business.
Performance
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Overview
Explores diversification opportunities in promising business areas.
Performance
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Overview
Manufactures and markets cold rolled products, hot rolled products, stainless steel products, plates, wire rods and silicon steel sheets. Provides these products for the construction of buildings, industrial pipes and tanks, shipbuilding, and automobile chassis. Operates production facilities in South Korea, China, Indonesia and Vietnam In South Korea. Also, operates Pohang Works and Gwangyang Works. Pohang Works and Gwangyang Works produce steel by the basic oxygen steelmaking method. Stainless-steel plant at Pohang Works produces stainless steel by the electric arc furnace method.
Performance
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Overview
Comprises exporting and importing of diverse steel products and raw materials, which are both obtained from and supplied to the company, and between other suppliers and purchasers in South Korea and overseas. Also, comprises investments in energy and mineral development projects, and manufactures and markets textiles, and agricultural commodities. Operates through POSCO International Corp, a global trading company.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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Performance
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