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.

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