POSCO
South Korean steel-making company
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2024 | POSCO was named the world's 233rd-largest corporation by the Fortune Global 500. |
October 2024 | Posco Holdings opened a 25,000-ton lithium hydroxide factory in Güemes, Argentina. |
January 2023 | Merged with POSCO ENERGY, expanding corporate structure |
June 2022 | POSCO temporarily cut production lines in Pohang plants due to a truckers' strike disrupting cargo transport. |
March 2022 | Acquired Senex Energy, an Australian energy company |
January 13 2022 | POSCO signed a Memorandum of Understanding with Adani Group to explore setting up an Integrated Steel Mill in Mundra, Gujarat, with an estimated investment of US$5 billion. |
2021 | Planned to issue ESG bonds, becoming the first Korean trading company to do so. |
2020 | Adopted a new deforestation policy and committed to compensating some deforested areas. Also implemented a No Deforestation, No Peatland, No Exploitation (NDPE) policy for third-party suppliers in its palm oil business. |
December 31 2020 | POSCO reported a total CO2e emissions of 75,650 kilotonnes, representing a 5.7% year-on-year reduction from the previous year's emissions of 80,264 kilotonnes. |
November 2 2020 | POSCO International and Erae AMS agreed to supply electrical vehicle (EV) components to Vietnamese carmaker VinFast. |
April 2020 | Splits steel processing divisions by creating subsidiary POSCO SPS |
February 2020 | U.S. Steel acquired full ownership of the USS-POSCO Industries joint venture facility in Pittsburg, California, ending POSCO's partnership. |
December 31 2019 | POSCO recorded total CO2e emissions (Direct + Indirect) of 80,264 kilotonnes. |
March 2019 | Company renamed as POSCO INTERNATIONAL |
2018 | Completed rainforest clearing for palm oil plantation in Papua New Guinea, totaling 270 square kilometres. |
December 31 2018 | POSCO recorded total CO2e emissions (Direct + Indirect) of 78,498 kilotonnes, a slight increase from the previous year. |
2017 | Merged with Posco P&S, further consolidating its business structure. |
December 31 2017 | POSCO recorded total CO2e emissions (Direct + Indirect) of 76,741 kilotonnes, continuing a downward trend in emissions. |
March 18 2017 | POSCO officially exited the long-disputed steel plant project in Odisha, India. |
2016 | POSCO confirmed to the National Green Tribunal (NGT) that it would suspend the steel plant project in Odisha. |
2016 | Company name changed from 'Daewoo International' to 'POSCO Daewoo'. |
December 31 2016 | POSCO recorded total CO2e emissions (Direct + Indirect) of 85,065 kilotonnes, showing a reduction from the previous year. |
2015 | POSCO settled the Nippon Steel lawsuit by paying 30 billion yen. |
2015 | POSCO had an output of crude steel, ranking as the world's sixth-largest steelmaker. |
December 31 2015 | POSCO recorded total CO2e emissions (Direct + Indirect) of 87,172 kilotonnes. |
July 17 2015 | News reported that POSCO may halt the $12 billion project in Odisha due to delays in regulatory approvals. |
2014 | Berkshire Hathaway sold its 4% stake in POSCO. |
January 15 2014 | The Central Government of India expressed confidence that POSCO's project in Odisha would proceed with the renewal of environment clearance. |
December 2013 | POSCO began construction of a boundary wall around its plant site. The NGT also criticized the forest clearance granted by the MoEF for the proposed steel plant. |
December 2013 | Krakatau Posco steel plant in Cilegon, Indonesia began operations with an annual production capacity of 3 million tons of steel. |
July 2013 | POSCO completed land acquisition despite the NGT's order. |
May 2013 | The National Green Tribunal (NGT) halted land acquisition for the POSCO projects. |
February 2013 | POSCO signed a Memorandum of Understanding with Afferro Mining, Inc. to develop iron ore resources in Cameroon. |
2012 | POSCO International began clearing 270 square kilometres of rainforest in Papua New Guinea for a palm oil plantation through its subsidiary PT Bio Inti Agrindo (BIA). |
May 2012 | Nippon Steel filed a lawsuit against POSCO, alleging illegal acquisition of technology for grain-oriented electrical steel sheets. |
January 31 2011 | MoEF issued a final order and gave environment clearance to POSCO, despite the N.C. Saxena committee's report indicating violations of the Forest Rights Act. |
2010 | The memorandum of understanding between POSCO and State of Odisha expired. |
2010 | POSCO became the world's largest steel manufacturing company by market value. |
July 2010 | Ministry of Environment and Forests (MoEF) set up the N.C. Saxena committee to review the project clearance following allegations of non-adherence to the Forest Rights Act. |
This contents of the box above is based on material from the Wikipedia articles POSCO International & POSCO, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.