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Posco Business Strategy

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Posco Business Strategy
Business Strategy

Seek Opportunities for EPC Projects and Expand Their Production and Supply Chain
Management Infrastructure Abroad
POSCO Group plans to carefully seek out promising business opportunities abroad for EPC (or engineering, procurement and construction) projects in the steel sector, primarily in China, India, Southeast Asia and Latin America, in part to prepare for the eventual maturation of the Korean steel market.

In 2012, they operated 42 supply chain management centers worldwide and they plan to continue expanding their global network of supply chain management centers.

Maintain Technology Leadership in Steel Manufacturing

POSCO plans to further develop core products, such as premium automotive steel sheets, silicon steel and API-grade steel, and make additional investments in developing innovative products new manufacturing technologies and upgrade their facilities through continued modernization and rationalization.

In recent years, POSCO has developed proprietary manufacturing technology that combines the FINEX, a low cost, environmentally friendly steel manufacturing process with an advanced basic oxygen steelmaking process that optimizes their production capacity, enables them to manufacture products at a highly competitive cost structure with lower carbon dioxide emission.

Diversify into Production of Comprehensive Materials, including Lithium, Silicon, Carbon and Magnesium

POSCO plan to leverage their expertise in production of various steel-applied materials and venture into the fast-growing and high value-added business of producing environmentally friendly comprehensive materials, such as lithium, carbon and magnesium.

Further Develop Our Capabilities to become an Integrated Provider of Energy Solutions

POSCO plan to pursue strategic synergies with POSCO Energy Corporation, POSCO E&C and Daewoo International to further strengthen their capabilities in the energy industry, a sustainable business area.
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