September 20, 2017 9:03 PM ET

Construction and Engineering

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

Company Overview

Posco Engineering & Construction., Ltd. operates as a construction company in South Korea. It engages in the construction of steel, power, chemical, and mining and industrial plants. The company is also involved in the civil works covering roads, railways, harbors, land development, leisure/golf course projects, and hydroelectric power plants; and environmental businesses, such as waste water treatment, water treatment and supply, desalination, and recycling services. In addition, it offers building works and urban development services, including residential and commercial facilities, premium parks, and landscaping and cultural facilities; and architecture services. The company has operation...

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 and President
Age: 66
Managing Director and President of China Construction Corporation
Age: 61
Director of Global Marketing Division, Senior Managing Director and Executive Director
Age: 61
Chief of Human Resource Department and Managing Director
Age: 59
Executive Director
Age: 67
Compensation as of Fiscal Year 2017.

POSCO Engineering & Construction Co., Ltd. Key Developments

POSCO E&C Announces Unaudited Earnings Results for the Second Quarter of 2017

POSCO E&C announced unaudited earnings results for the second quarter of 2017. For the quarter, the company reported revenue was KRW 1,564 billion against KRW 1,581 billion a year ago. Operating profit was KRW 55 billion against operating loss of KRW 18 billion a year ago. Net profit was KRW 23 billion against net loss of KRW 13 billion a year ago.

POSCO E&C Reports Earnings Results for the Third Quarter of 2016

POSCO E&C reported earnings results for the third quarter of 2016. For the quarter, the company reported operating loss of KRW 27 billion compared to operating profit of KRW 59 billion a year ago.

POSCO E&C Plans to Dismiss More Than 500 Workers by the End of 2016

POSCO E&C announced that to deal with increasingly unfavorable business conditions abroad, the company plans to streamline its organizational structure and dismiss more than 500 workers by the end of 2016 through a voluntary retirement scheme. In particular, those in the construction of refineries, power plants and other industrial facilities in the Middle East will face more pressure to quit.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 7, 2017
SPH Co, Ltd.
Merger/Acquisition
November 23, 2016
POSCO Engineering Co., Ltd.
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