POSCO E&C Holds Ceremony for Completing the Boiler Drum of Poland's First Incineration Plant

  POSCO E&C Holds Ceremony for Completing the Boiler Drum of Poland's First
                              Incineration Plant

  PR Newswire

  SEOUL, South Korea, Aug. 5, 2014

- POSCO E&C's first project in Eastern Europe and Poland's first incineration
plant.

- The company put up a boiler drum marked with "KRAKOWIAK" and the name of its
CEO.

SEOUL, South Korea, Aug. 5, 2014 /PRNewswire/ -- POSCO E&C (CEO: Tae-Hyun
Hwang) announced on the July 31st that it held a ceremony to mark the
completion of a boiler drum at the incineration plant project site in Krakow,
Poland.

Photo - http://photos.prnasia.com/prnh/20140805/8521404418

Over 30 dignitaries attended the event, including Malgorzata Marcinska, Polish
Undersecretary of State for the Ministry of Labor and Social Policy, Tadeusz
Trzmiel, Vice Mayor of Krakow, and Ryszard Langer, president of Krakowski
Holding Komunalny S.A., Ky Yun Jung, senior vice president of POSCO E&C, and
Bok Seok Jung, the construction manager.

The ceremony was held to celebrate the installation of the boiler drum, one of
the core facilities of the power plant, and reaffirm commitment to achieving
successful project completion. To capture the goodwill of those present, the
surface of the Boiler Drum Unit 1 was marked with "KRAKOWIAK", which means the
citizens of Krakow, and "Tae-Hyun Hwang", the name of the company's CEO.

This project is POSCO E&C's first project in Eastern Europe and Poland's first
incineration plant project. The environmentally friendly power maximizes
energy utilization and reduces the emission of greenhouse gases by converting
energy from waste incineration to renewable energy.

POSCO E&C is currently building two process lines and combined heat & power
facilities at waste thermal treatment plant, and as of the end of July,
progress on the project is at the 60% mark. The company plans to complete
construction by December 2015.

These facilities will be capable of incinerating waste of approximately 680
tons a day (14.1 tons/hour x 2 units) and waste of approximately 220,000 tons
a year, giving it a power production capacity of approximately 10.74MWh by
using the heat from incineration.

"We are very much impressed by the construction site. The plant will be the
Krakow's pride," said Tadeusz Trzmiel, Vice Mayor of Krakow. "We wouldn't have
experienced the ceremony and the view of the plant under construction without
POSCO's efficient cooperation. The culture and technology are impressive and
we may learn it from POSCO."

For more information, please visit the website (
http://www.poscoenc.com/english/ ).

Website: http://photos.prnasia.com/prnh/20140805/8521404418
Website: http://www.poscoenc.com/english
Contact: Chun Dong-jun, +82-32-748-2755, djchun@poscoenc.com
 
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