이 누리집은 대한민국 공식 전자정부 누리집입니다.
Biz News Korea(Eng)
Posco Daewoo seeks fresh growth through focus on 3 new sectors
- Collected
- 2018.01.28
- Distributed
- 2018.01.29
- Source
- Go Direct
Chief Executive Kim Young-sang said on Friday the company needs to radically transform itself in line with external changes and announced three new engines - agricultural crops, car parts and private finance initiatives - to help drive sustained growth.
Posco Daewoo plans to bolster its capabilities in agricultural trade by acquiring a crop export terminal in Ukraine this year to start operations in the first half of 2019. It currently runs a palm oil farm in Indonesia and is constructing a rice processing complex in Myanmar.
In terms of its auto parts business, the firm intends to expand its supply chain overseas through equity investments or mergers and acquisitions, with plans to venture into auto assembly as well. It is also teaming up with domestic developers to explore export opportunities for electric vehicle platforms.
As for its private finance initiatives, it aims to close a power purchase deal with Myanmar Electric Power Enterprise this year and start building a 70-megawatt plant in Shwetaung. It is also seeking opportunities in the solar power business in Uzbekistan and Honduras.
Posco Daewoo added it will upgrade its core businesses in steel and overseas resources development to deliver more value-added offerings.
The company enjoyed a record performance last year, posting an operating profit of 401.3 billion won ($376.3 million), up 26.14 percent from the previous year. Revenue totaled 22.6 trillion won, up 36.86 percent on year.
Shares of Posco Daewoo closed Friday up 0.21 percent at 24,050 won in Seoul trading.
By Woo Je-yoon and Kim Hyo-jin
[ⓒ Pulse by Maeil Business News Korea & mk.co.kr, All rights reserved]