Pohang Iron and Steel Company (POSCO) is a South Korean steel-making company headquartered in Pohang, South Korea. It is the world’s third-largest steelmaker by output. POSCO products are used in a wide variety of industries, including automotive, construction, shipbuilding, and energy, as well as heavy machinery.
POSCO was founded in 1968 as a state-owned enterprise and has since grown to be the fourth-largest steel producer in the world. As a vertically integrated steel producer, the company is involved in the production of flat steel products such as plates, hot-rolled coils, and cold-rolled coils. It also produces beams, section bars, and pipes.
POSCO has six steel production plants in South Korea, located in Pohang, Gwangyang, Gumi, Dangjin, and Incheon. The company is also expanding its production operations overseas to China, Vietnam, India, Japan, and the United States. In addition to steel production, POSCO also operates a research and development center, which focuses on energy-efficient technologies and processes. This center focuses on increasing the energy efficiency of their steel production processes, as well as exploring new materials, manufacturing processes, and product improvements.
POSCO holds various patents in its core technologies such as sheet steel production processes and technologies for product upgrades. The company also has various accreditations, such as ISO 9001:2008 certification, indicating its dedication to quality management and customer satisfaction. POSCO’s automated production systems also reduce human costs and improve product quality.
In addition to its steel production, POSCO also operates a research center which focuses on environmental-friendly technologies that reduce emissions and waste generated during the steelmaking process. The company also runs the Technology Localization Project (TLP), a project that focuses on introducing more cost-effective technologies and processes to local manufacturers in other countries.
Moreover, POSCO has established partnerships with universities and research institutions in South Korea and abroad to develop new technologies and enhance existing ones. As part of its commitment to innovation, the company has invested in numerous start-ups and also offers scholarships to students from abroad who plan to study in South Korea.
Because of its commitment to providing quality products and services, POSCO has earned the distinction of being one of the world’s most reliable steel producers. It has been recognized for its innovative and efficient production processes, and for its commitment to the environment, quality management, and customer satisfaction. As a corporation, it has achieved global presence and established itself as one of the most desirable employers in the world.
