POSCO E&C strives to provide the best in steel
The company Sets out to secure core engineering technology to link POSCO WP products in various business fields including construction
POSCO E&C is taking a new leap forward to become the world’s best E&C company in steel structures by leveraging the competitive edge of POSCO Group, breaking through the slump of the Korean construction market.
With intense competition of overseas construction markets, products in construction, civil engineering and plant were analyzed to select 11 key products that can enhance business competitiveness through steel structure competence and 22 core technologies for each product.
The selected technologies are to be used in enhancing the core competences in steel structures by securing differentiated engineering technology in association with POSCO WP products and increasing business capabilities.
POSCO E&C CEO Han Chan-kun said: “Our company will take a bold leap towards becoming the world’s best E&C company in the field by winning recognition for its steel structure engineering technology in various areas such as construction, civil engineering and plant.”
A POSCO WP product is a generic term for ‘WF (World First) products’ that are developed and commercialized by POSCO for the first time in the world, along with ‘WB (World Best) products’ with world-class technology and economic feasibility, and ‘WM (World Most) products’ with high customer preference and rate of operating profits. All of the products are manufactured based on the world’s greatest technological skills.
Typical core technologies for steel structures include the steel composite structure system using high-performance products, super high-strength cable system, and LNG tank design package. Based on POSCO Family’s cooperative system, the company will secure differentiated engineering technology through joint research with domestic and global specialized architects, which will contribute greatly to improving the company’s profitability by succeeding in reducing costs and shortening the construction period.
Furthermore, POSCO E&C will integrate the steelmaking technology of its parent company, POSCO, POSCO Daewoo’s global business information, and POSCO E&C Business Group’s steel structure technology, thereby actively promoting global business and expanding into new businesses in the field of steel structures, through which the company’s identity in steel structures will be firmly established.