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February 08, 2016 9:52 AM 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

Nam-gu

Pohang,  

South Korea

Founded in 1994

Phone:

82 5 4223 6114

Fax:

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

POSCO Engineering & Construction Announces Board Appointments

POSCO Engineering & Construction announced that Saudi Aramco's executive director Ahmed A. Al-Subaey who served S-Oil as CEO between 2008 and 2012 will take an advisory role for top management of POSCO E&C as the firm's vice president and a standing board member, while maintaining his status at Saudi Aramco. The other board member is ACWA Power chairman Ahmed A. Al-SubaeyMohammad A. abunayyan. As a nonexecutive board member, he will also join the management decision-making processes.

POSCO Engineering & Construction., Ltd. Reports Unaudited Sales Results for the Third Quarter and Nine Months Ended September 30, 2015

POSCO Engineering & Construction., Ltd. reported unaudited sales results for the third quarter and nine months ended September 30, 2015. For the quarter, the company reported sales of KRW 1,100 million compared to KRW 13,019 million a year ago. For the nine months, the company reported sales of KRW 3,127 million compared to KRW 19,650 million a year ago.

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.

Recent Private Companies Transactions

Type
Date
Target
Private Placement
January 7, 2016
Pyeongtaek Eos Co., Ltd.
Private Placement
November 9, 2015
UI Trans Corporation
Merger/Acquisition
September 1, 2015
Gwangju Clean Water Co., Ltd.
 

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