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November 29, 2015 12:54 PM ET

Construction and Engineering

Company Overview of POSCO Engineering & Construction Co., Ltd.

Company Overview

POSCO Engineering & Construction Co., Ltd. operates as a general construction company. It is engaged in the construction of steel, energy, chemical, and water treatment and environmental plants; civil infrastructure covering road, railway, port, new transit, ground making, and leisure/golf course projects; and urban development and architectural projects, such as residential and commercial facilities, premium parks, and landscaping and cultural facilities. The company also provides various services, including compression/tension, heat fatigue, thermal flow, and logistics analysis services for plants; civil engineering services for foundations, structures, materials, and harbor infrastructure...

180, Daesong-ro



South Korea

Founded in 1994


82 5 4223 6114


82 5 4223 6049

Key Executives for POSCO Engineering & Construction Co., Ltd.

Vice Chairman, Chief Executive Officer, President and Director
Age: 64
Managing Director and President of China Construction Corporation
Age: 59
Director of Global Marketing Division, Senior Managing Director and Executive Director
Age: 59
Chief of Human Resource Department and Managing Director
Age: 57
Executive Director
Age: 65
Compensation as of Fiscal Year 2015.

POSCO Engineering & Construction Co., Ltd. Key Developments

Magnis Resources Signs Memorandum of Understanding with Posco for Nachu Graphite Project in Tanzania

Magnis Resources has signed a memorandum of understanding (MoU) with Posco E&C to proceed with the funding and construction of the Nachu Graphite project in Tanzania. Based on the roles and responsibilities outlined in the MoU, Posco will have to arrange senior loans through its associations with financial institutions. Under the MoU, Magnis is responsible for arranging subordinate debt and equity and the overall co-ordination of funding for the project. With support from Posco, the company is set to advance the construction contract and funding process simultaneously. Production from the project is expected to begin by the first quarter of 2017.

POSCO Engineering & Construction Co., Ltd. Reports Audited Earnings Results for the Year Ended December 31, 2014

POSCO Engineering & Construction Co., Ltd. reported audited earnings results for the year ended December 31, 2014. For the period, the company reported sales of KRW 7,514,710 million compared to KRW 8,028,269 million a year ago. Net income was KRW 13,353 million compared to KRW 98,714 million a year ago. Profit for the period of KRW 42,643 million compared to KRW 144,888 million a year ago. Cash flows from operating activities was KRW 24,592 million compared to KRW 40,815 million a year ago.

Consortium of Daewoo International Corp. and Posco Engineering & Construction Co. Ltd. and other South Korean Companies to Build Steel Mill in Turkmenistan

Turkmenistan's Industry Ministry and Daewoo International Corp. have signed a memorandum on cooperation in the area of metallurgy, under which there are plans to build a steel mill in the Central Asian country at a cost of about $1 billion. The consortium that will build the mill is expected to include South Korea's Posco Engineering & Construction Co. Ltd.

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