Professional Documents
Culture Documents
Think Forward
HAWAII
MEXICO
El SALVADOR
EQUADOR
PERU
CHILE
VENEZUELA
BRAZIL
EGYPT
SAUDI ARABIA
U.A.E.
IRAN
KAZAKHSTAN
INDIA MYANMAR
CHINA KOREA
JAPAN
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Cr e dit Rat i ng
Business Overview Steel Plants Energy Plants Civil Works Water & Environment Urban Development & Architecture
20 22 28 32 38 42
F i nance
CSR Win-Win Growth CSR Social Contributions CSR Sports Sponsorship History of Innovation Global Network POSCO Family
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G lobali z at ion
Vision
POSCO Engineering & Construction
Established in 1994, POSCO E&C has achieved superior results in diverse construction areas including steelworks based on the technologies and know-how obtained from building projects such as the worlds largest Pohang and Gwangyang steelworks. It became Koreas No. 4 constructor and worlds 45 in just 17 years after its foundation and now aims at global top ten by 2020. The company is now expanding its business domain by launching the Energy Division and the Water & Environment Division, both the first of their kind in the domestic construction industry. POSCO E&C is evolving into a global E&C company that is a total solution provider, carrying out a series of projects from design to construction and supervision, based on advanced technologies and creative passion.
Assessed value Corporate bonds
C r e d it R at i n g
The visionary statement Think Forward refers to our goal of becoming a Global Top 10 company by 2020, as a total solution provider that builds a better future for all through the use of innovative ideas, advanced technologies, and passion. To this end, all employees at POSCO E&C strive to achieve the highest level of competitiveness, based on our five core values: customer satisfaction, a spirit of challenge, focus on execution, respect for human life and dignity, and adherence to ethics. We will continue our efforts to achieve the goal of Global Top 10 by 2020 through continuous innovation and technological development.
Commercial paper
A1 AA
BBB Baa3
Fi nance
Moodys
Shareholder status
6,974
(4th place)
POSCO
89.53%
Capital Stock 158.6 million Other: 3.32% POSTECH: 2.36% Employee Stock Ownership: 4.79%
CU STOM E R
Customer Satisfaction
I NTEG R ITY
Adherence to Ethics
6th 5,898 million 6th 4,737 million 6th 4,161 million 6th 4,945 million
Global Network
G lo b a li zat io n
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15 16 6
11
4 12 13 2 3 5
9 10 19 7 8 17
CHA L L E N G E
A Spirit of Challenge
PE OPL E
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Subsidiaries
1 2 3 4 5 6 7 8 9 10 11 POSCO E&C (China) Co., Ltd. POSCO E&C Vietnam Co., Ltd. International Business Center Corporation An Khanh New City Development Joint Venture Co., Ltd. PT. POSCO E&C Indonesia POSCO Engineering & Construction India Private Ltd. POSCO E&C Venezuela C.A. POSCO E&C Brazil Posco E&C Smart S de RL de CV POSEC-Hawaii Inc. CAMBODIA CO.LTD.,
E X E CU T I ON
A Focus on Results
I R A N
E S F A H A N
C H I L E
V E N TA N A S
C H I N A
Z H A N G J I A G A N G
G LOBAL VI S I ON
Lights are always on at the worksites of POSCO E&C, crisscrossing the borderless markets from the Middle East to Central and South America and anywhere in between. POSCO E&C is engraving its name and leading changes throughout the world, through the use of core technologies and a talented workforce. It dreams together with the world and will participate in building a greater tomorrow.
TA E G I S A N
YA N G S A N
Y E O N G A M
Innovative Ideas
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Elements of nature and humanity are instilled into the cold and solid steel of construction. Our construction projects are built to carry the warmth of water and the sun, and to embrace nature rather than defeat it. We wish to provide a healthier environment to future generations, and to improve and enrich peoples lives. With innovative ideas and creative perspectives, POSCO E&C will continue to build a brilliant future.
V I E T N A M
H A N O I
G I M C H E O N - Y E O N G D O N G
B U S A N
G I M H A E
Advanced Technology
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Continuous innovation and technological development are expanding the territories of the construction industry, thus creating a new blueprint for humankind. Through hard work, respect for life and nature, and advanced technologies, POSCO E&C will exceed the limits of both realities and dreams.
I N C H E O N
S O N G D O
C A M B O D I A
P H N O M
P E N H
Passionate Vision
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Cutting-edge landmarks do not just symbolize brilliant civilizations; they are signs of a never-yielding spirit of challenge. This is why POSCO E&C has been able to build cities and design the movements of living. As an enterprise that is improving the future of humankind, based on hard work and experience, POSCO E&C is changing the world with a passionate vision.
C EO S M E S S AGE
POSCO E&C will reform as a total solution provider, leading the construction industry with innovative ideas, advanced technologies and a passionate vision.
The construction industry is rapidly changing amid dynamic markets in which the boundaries of countries and cultures have collapsed and breakthroughs in technology are constantly being made. This is why POSCO E&C has chosen to enter into new areas of business with the aim of being a global total solution provider, while also advancing into new world markets by relying on its excellent technological competencies. Boasting an excellent financial structure and the highest credit rating among Asian construction companies, POSCO E&C has been recognized for its capabilities, by exporting blast furnaces to Iran and India, the first among domestic construction companies, and by successfully completing a steel-making plant in Japan. Other projects include: building an international business district that will play a pivotal role in the New Songdo International City, the nations first free economic zone; carrying out the development of North An Khanh New City, the first self-reliant city in Vietnam; and developing a master plan for the Hanoi Metropolitan City. In addition, POSCO E&C is strengthening its position in Central and South America thanks to its entry into the power plant markets in Chile and Peru, another first in the domestic industry. Recently, it won a contract for oil tanks in the Bahamas, gaining recognition for its energy plant construction ability. These successes are the result of the companys dedication to ensuring technological competencies with forward-looking insights, rather than merely resting on its laurels. Such efforts include: the FINEX process, an innovative steel-making technology; an advance into the business of light rail transit, a next-generation environmentally-friendly means of transportation; and investment in new and renewable energy sources such as fuel cells, solar energy and wind power generation. POSCO E&C has been able to lead with the belief that technologies based on respect for human life and dignity are the most valuable. It is also committed to becoming an honest and transparent enterprise that fulfils its roles and obligations as a caring and concerned corporate citizen, together with its parent company POSCO. As a result, it has won the Koreas Most Admired Company award every year since 2004, and was given the Global Green Management Excellence Awards for five consecutive years (2004-2009), the first in the domestic industry. Moving forward, POSCO E&C will work to become a global E&C company that will lead the construction culture, based on the belief that coexistence and cooperation lead to the highest management efficiencies, the principle that only transparent and fair companies can earn trust, and a corporate culture of communication. With innovative ideas that are concerned with humankind, advanced technologies that overcome limitations, and a passionate vision that dose not fear change, POSCO E&C will achieve new dreams while looking further ahead and moving faster. Thank you.
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QSE Management
POSCO E&C is developing engines for a sustainable future, through a well-organized and efficient quality, safety and environment (QSE) management system.
Quality Management The level of customer satisfaction and corporate capabilities are enhanced through the practice of thorough quality management. The needs of customers are met by improving our processes, production costs and working methods through the Business Process Management (BPM) and the Total Quality Management (TQM) systems. Safety Management Based on the idea of respect for human life, POSCO E&C pursues zero-accident efficient safety management, achieved under the slogan of safety: properly, all together, with fun. This is done by practicing: Safety Properly that is faithful to standards and principles; Safety All Together through independent activities by all employees; and Safety With Fun which refers to the positive awareness of and voluntary participation in safety. Environmental Management In order to preserve the global environment and deal with climate change, we established our vision for green management, Build the Green. POSCO E&C is concentrating on putting a Green Culture in place, establishing Green Processes, and enhancing Green Business. It also communicates its efforts toward corporate environmental management, and its results, by publishing an environmental report.
Korea Electric Power Industry Code (KEPIC) Certificate (MN-272, EN-273, SN-274, HN-322)
Korea Occupational Safety & Health Management System Certificate (KOSHA 18001)
Q S E M anagement
02
Creativity Management
POSCO E&C is creating new values that will contribute to the development of human society through a creative and innovative workforce and a workplace based on trust and communication.
Innovation POSCO E&C has enhanced the internal stability of its operations by creating new values as a company that works hard and works smart. In order to become a global leading player, it strives to develop a corporate culture of innovation, trust, and communication, which will contribute to its management performance and to the improvement of the construction industry. Culture POSCO E&C is promoting a corporate culture of trust through open communication. It continues to improve transparency and trust within its organizations, while heightening operational efficiencies and increasing synergies among the organizations via mutual understanding and the creation of consensus. Excellent performance and value is generated in a workplace where innovative ideas and free thought are encouraged. Future POSCO E&C is focusing on fostering future-oriented human resources and developing specialized technologies, to cope with a rapidly changing management environment and to enhance its competitiveness for future growth. By establishing the R&D Center, it has carried out a broad array of research activities through an R&D network of the POSCO family. This network includes the POSCO Research Institute, the Pohang Research Institute of Industrial Science & Technology (RIST), and the Pohang University of Science and Technology (POSTECH). POSCO E&C is also devoted to the development of technologies in future growth business areas through the cultivation of core talents.
K ey Tech nolo gy
FINEX Design Technology Blast Furnace Large Block Construction Method Turbine Heat Balance Technology Combined Cycle Power Design Technology New & Renewable Energy-Related Technology Technology for Super Long Span Bridges The Operation-System Technology for Light Rail Transit Membrane Process for Wastewater Reuse Advanced Water Treatment and Desalination
Urban Development & Wind Induced Vibration Control Technolory Application for Highrise Buildings Architecture High Performance/Strength Concrete Technology
I nte llectual P rop e rt y R ig hts
C reativity M anagement
03
Responsibility Management
Doing what is right, cooperating with business partners, and sharing with neighbors this will change and enrich the world. POSCO E&C practices sustainable management to be an honest and transparent enterprise that fulfills its social roles and responsibilities.
Ethics Management POSCO E&C has long considered transparent and fair management to be its first priority, recognizing that trust is the most important factor for a companys sustainable growth. Our code of ethics was established in 2003, to ensure transparent management based on the principles of founding ideas. In order to practice this in a company-wide manner, it has consolidated ethics management-related systems, training and PR activities. As a result, POSCO E&C won the Grand Prize at the 2010 Ethical Management Awards. It will continue to put these ethical principles into practice to pursue the common interests of the nation and humankind. Win-Win Management Win-Win synergies with partner companies are essential for growth. POSCO E&C supports stable procurement and global management of its partner companies, believing that their growth is its own growth. In recognition of this, POSCO E&C obtained the Excellent rating at the evaluation of the performance of the The Agreement for Cooperation and Mutual Development by the Korea Fair Trade Commission. Management of Sharing Living together means sharing with those in need. POSCO E&C delivers warmth to neighbors and society through a variety of social contribution activities based on an idea of respect for human life and dignity. As a result of practicing sharing both at home and abroad, POSCO E&C won the grand prize in the social common good category at the 2010 Korea Social Contribution Awards. For its employees, sharing is a natural duty, and therefore the corporate culture of sharing is supported and practiced by all employees.
S us ta i n a b l e M a n a g e m e n t
Ethics Management
Win-Win Management
Management of Sharing
C o r p o r at e S o c i a l R e sp o n s i b i l i t y
R esponsibility M anagement
Bus i n e ss Ov e r v i e w
STEEL PLANTS
E N E RGY PLANTS
CIVIL WORKS
Construction
WAT E R & E N V I R O N M E N T
Procurement
URBAN DEVELOPMENT & ARCHITECTURE
Engineering
Planning
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STEEL PLANTS
ENERGY PLANTS
CIVIL WORKS
S teel P L A N T S
The steel industry is the foundation for many other industries. Through its excellent technological capabilities, POSCO E&C has enhanced the competitiveness of the Korean steel industry. Based on advanced technologies, including plant engineering, accumulated by building the Pohang and Gwangyang integrated steelworks, and the FINEX process, an innovative iron-making technology, POSCO E&C achieved distinguishing results all over the world. It is the first among domestic construction companies to export blast furnaces to Iran and to produce molten iron there, and we also successfully completed a steel plant in Japan, an advanced market for plants. Through these experiences, POSCO E&C has won world-wide recognition for its capabilities.
Orders
Sales
1,951 3,638
2010
1,958 1,687
2009
1,067 2,563
2008
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STEEL PLANTS
ENERGY PLANTS
CIVIL WORKS
BUSINESS AREAS
LI ST OF PR OJ E CTS
India IISCO Blast Furnace
P roject N ame : P roject P eriod , P roduction C apacit y
FINEX: Jan 2004Apr 2007, 1,500,000 tons/year India IISCO Blast Furnace: Oct 2007Dec 2010, 1,400,000 tons/year Iran TAVAZON Blast Furnace: June 2002July 2009, 1,400,000 tons/year No. 3 Sintering Plant Revamping, Pohang Works, Korea: Nov 2004May 2006, 6,380,000 tons/year New Steel-making Plant, Pohang Works, Korea:
July 2008Sept 2010, 4,600,000 tons/year
Asia Special Steel, Japan: Dec 2007May 2009, 120,000 tons/year Revamping of No. 3 machine for No. 2 Continuous Casting Plant, Gwangyang Works, Korea: June 2006Nov 2007, 3,500,000 tons/year POSCO Vietnam CAL: Aug 2007Sept 2009, 700,000 tons/year POSCO Mexico CGL: Oct 2007June 2009, 400,000 tons/year Prosperity PGL, Taiwan: June 2007June 2010, 500,000 tons/year ZPSS STS, China: Dec 2004July 2006, 600,000 tons/year
No. 3 Sintering Plant Revamping, Pohang Works, Korea
T E C H N O LO GY
FINEX The FINEX process is an environmentally friendly iron-making technology that ensures efficiency, cost reductions, and prevention of emissions of pollutants. POSCO E&C developed this landmark technological process with POSCO to supplement the problems of old processes, such as high costs and the emission of pollutants like sulfur oxides and nitrogen oxides. Through the development of innovative technologies, POSCO E&C has contributed to the future of the steel industry.
Revamping of No. 3 machine for No. 2 Continuous Casting Plant, Gwangyang Works, Korea Coal Briquette
HCI
Molten Iron
FINEX
FINEX
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STEEL PLANTS
ENERGY PLANTS
CIVIL WORKS
PROCESS
Construction work: Order placement & construction management, inspection of construction, examination of equipment and materials, trial operation
T E C H N O LO GY
Zinc Pot, a surface treatment technology Zinc pot is a core method for melting zinc and maintaining the temperatures of melted zinc consistently to manufacture galvanized sheet irons at the continuous galvanizing line (CGL). Advanced engineering companies have often relied on foreign specialized companies for this technology. However, POSCO E&C developed the specialized Zinc Pot through performance tests by establishing independent design standards and overcoming problems of the old method.
Refractory
Inductor
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STEEL PLANTS
ENERGY PLANTS
CIVIL WORKS
E N E R GY P L A N T S
Obtaining natural energy sources from the environment is a challenge, but is also a hope for a future in which both nature and humankind will prosper. POSCO E&C has proved its world-standard technological competitiveness in this business by winning several orders, including for coal power plants in Chile and Peru and oil tanks in the Bahamas. We are the first among domestic construction companies to enter into markets in Central and South America. We are also advancing into the new and renewable energy business, including wind power, solar energy, refuse derived fuel (RDF), and fuel cells. We will continue to practice the philosophy of symbiosis, which will enrich human life and harmonize nature with humankind.
Orders
Sales
1,021 2,212
2010
1,403 2,099
2009
483 1,684
2008
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STEEL PLANTS
ENERGY PLANTS
CIVIL WORKS
BUSINESS AREAS
LI ST OF PR OJ E CTS
POSCO POWER Combined Cycle Power Plant No. 5&6, Korea
P roject N ame : P roject P eriod , C apacit y
Nueva Ventanas Coal-fired Power Plant, Chile: Sept 2006Dec 2009, 240MW Angamos Coal-fired Power Plant, Chile: Oct 2007Aug 2011, 260MW2 units POSCO POWER Combined Cycle Power Plant No. 5&6, Korea: May 2008July 2011, 520MW2 units Yeongam Solar Power Plant, Korea: Nov 2008Feb 2009, 3,000KW Taegisan Wind Power Plant, Korea: July 2007Nov 2008, 40MW Busan RDF Power Plant, Korea: Oct 2009Apr 2013, 25MW Gwangyang LNG Terminal Tanks (Nos. 3 & 4), Korea: July 2007May 2013, 165,000 POSCO SNG Plant, Korea: Nov 2009Dec 2013, 500,000 tons/year
Yeongam Solar Power Plant, Korea
T E C H N O LO GY
Refuse Derived Fuel (RDF) RDF technology produces fuel with consistent calorific value by using combustible waste such as plastic, paper and cartons. This fuel is burned at RDF-only power generation facilities to supply high-efficiency electricity and heating to houses and business sites, or at small and mid-sized RDF-only boiler facilities for agricultural and fishing villages. POSCO E&C has ensured environmental safety by installing a device to prevent air pollutants emissions from the RDF combustion.
Wastes RDF High-efficiency electricity generation Energy production
RDF
1
Taegisan Wind Power Plant, Korea (top) / Angamos Coal-fired Power Plant, Chile (bottom)
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STEEL PLANTS
ENERGY PLANTS
CIVIL WORKS
CIVI L WOR K S
POSCO E&C connects the hearts of people and links the world. It is providing living spaces for people around the world, and designing the flow of human traffic. It contributes to the development of the nation via large-scale civil works, while taking the initiative in building innovative transportation systems. POSCO E&C is dedicated to developing next-generation transportation systems, including the construction of light rail transits. Overseas, it is building roads in Vietnam and Uzbekistan, as well as harbors to connect land with sea in China and Vietnam. POSCO E&C continues to introduce new and outstanding changes to the world.
Orders
Sales
750 1,000
2010
539 1,539
2009
431 829
2008
Laying the groundwork for the North An Khanh New City, Vietnam
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STEEL PLANTS
ENERGY PLANTS
CIVIL WORKS
BUSINESS AREAS
Roads Railways
LI ST OF PR OJ E CTS
Incheon International Airport Highway, Korea
P roject N ame : P roject P eriod , P roject O utline
Extension of National Highway No. 1 (Gimcheon-Yeongdong Section), Korea: Dec 2001Dec 2006, Length: 7.74km Gwangan Bridge, Busan, Korea: Dec 1994Apr 2002
Double Truss Bridge: 720m/double steel-frame bridge: 80m
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STEEL PLANTS
ENERGY PLANTS
CIVIL WORKS
T E C H N O LO GY
Light Rail Transit (LRT) operation simulation system POSCO E&C has developed a system that simulates depots and train operations of the main lines of the LRT. This analyzes the appropriateness of vehicle depot sizes, suitability of track allocations, efficiency of facility arrangements, and the economic feasibility of alternative operations. As a result, our order-taking competitiveness, the credibility of LRT construction, and operational efficiency have been improved.
Network editor
Input
Simulator
Load Output
Reporter
Animator
Database
Comprehensive LRT Depot Simulator: Module Composition
Floating Seawall Floating seawalls are seawater drainage-type breakwaters, which boast excellent pollution control and water quality improvement within ports, and outstanding constructability and economic efficiency at weak grounds and deep sea areas. It is an environmentally friendly technology with less impact on the environment, the ecosystem, and the ground of the seabed following the installation of structures. The floating seawall with space for running water and expanded perforated plates, the independent seawater model installed at Wonjeon Port in Masan and Yeonmyeon Port in Tongyeong, has noticeably augmented the performance of perforated plates to a range of over 6 seconds, whereas the range used to be 3-4 seconds.
Wonjeon Port in Masan (Double curtain type)
1 Photovoltaic self-recharging lighthouses 2 Buoy-type sinker block 3 Steel floating breakwaters 4 Embedded suction anchor
Jeonju-Gwangyang Highway,Korea
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STEEL PLANTS
ENERGY PLANTS
CIVIL WORKS
Orders
Sales
262 389
2010
254 146
2009
160 314
2008
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STEEL PLANTS
ENERGY PLANTS
CIVIL WORKS
BUSINESS AREAS
LI ST OF PR OJ E CTS
Pangyo Water Treatment Center, Seongnam, Korea
P roject N ame : P roject P eriod , C apacit y
Ansan Sewage Treatment Plant, Korea: July 2004Mar 2009, 385,000m3/day Pangyo Water Treatment Center, Seongnam, Korea:
Feb 2007May 2009, 47,000m3/day
Jungnang Sewage Treatment Center, Korea: Feb 2004Oct 2007, 460,000m3/day Yangsan Resources Recycling Facility, Korea: Oct 2004Jan 2008
Pyrolysis and Melting Facility: 100 tons/day2 units Recycling Facility: 80 tons/day1 unit
Suwon Sewage Sludge Treatment Plant, Korea: June 2007Dec 2009, 450m3/day Cheongna Auto Clean Net, Incheon, Korea: Apr 2008June 2011
Pipeline: 45.7km / Collection Sites: 5 units / Inlets: 2,013 units
Electric Precipitator for Blast Furnace No. 5, Gwangyang Works, Korea: June 1996Mar 1999, 15,000m3/minute
T E C H N O LO GY
Desalination There are two types of desalination: evaporation (Multi-Stage Flash or MSF/Multi-Effect Distillation or MED) and reverse osmosis (RO), with the latter leading worldwide due to its excellent economic efficiency and technology. POSCO E&C has entered into the RO-type business, based on its impressive experience in water supply and drainage facilities construction and its membrane-using sewage reuse technologies. Key process technologies in development include bio-fouling control, plant engineering, low-energy membrane operation technologies, and the optimization of boron removal. POSCO E&C also plans to build a desalination facility with a capacity of 500,000 tons a year inside the Gwangyang Works.
Pumping Room
p A B
Strainer Install
CO2 M2SO4
Pre-treatment System
RO Membrane
Final Product
Brine
RO-desalination System
Post-treatment System
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STEEL PLANTS
ENERGY PLANTS
CIVIL WORKS
Orders
Sales
1,493 2,748
2010
1,564 2,749
2009
1,452
2,565
2008
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STEEL PLANTS
ENERGY PLANTS
CIVIL WORKS
BUSINESS AREAS
Business/Commercial/Cultural Accommodations/Leisure
LI ST OF PR OJ E CTS
P roject N ame : P roject P eriod , S ize
BRAND
POSCO E&Cs apartment brand The Sharp aims to help enrich the lives of its customers through commitment and thoughtful consideration to their needs. Its concept is understanding, which means, reading the minds of customers. It uses the symbol #, which in music raises a note by a halftone, to express a shape of fabric with intermixed vertical and horizontal lines. The brand contains POSCO E&Cs philosophy to provide its customers with higher quality of life.
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STEEL PLANTS
ENERGY PLANTS
CIVIL WORKS
T E C H N O LO GY
Urban Development Urban planning involves large-scale development projects, and can be considered the centerpiece of general construction. It combines all technologies and know-how of the construction industry, including feasibility studies, planning, financing, design, construction, construction management (CM), project management (PM), and package management. It targets all areas of construction, including civil works, environmental, and plant projects. POSCO E&C has won both domestic and international recognition for its competencies, based on its excellent track record.
Master plan for Hanoi Metropolitan City, Vietnam
This is an urban development planning project to develop Hanoi, an ancient city in Vietnam, into a global city and the nations political, economic and cultural center. This will be achieved by expanding the city to more than three times its current size.
Area: 3,300km2 / Project Period: 20082030 Specifications: Construction of a new capital, including new city development and all areas such as roads, water supply and drainage, electricity, railways, river improvement, and IT projects
Before
Expanded
921km
3,300km
After
The Songdo International Business District will play a pivotal role in New Songdo International City, Incheon, and will be the business hub of Northeast Asia where cutting-edge IT and environmentally friendly technologies are integrated.
Area: 5.74km2 / Project Period: 20032016 Specifications: International Business District (0.76km2), Residential Facilities (1.33km2), Commercial Facilities (0.16km2), Cultural, Educational & Medical Facilities (0.46km2), Sports Facilities (0.8km2), Parks & Greens (0.87km2), Public & Other Facilities (1.36km2)
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POSCO E&C Tower The Sharp Expo The Sharp Harbor View The Sharp Harbor View II The Sharp Central Park I The Sharp Central Park II The Sharp Central Park III The Sharp First World Chadwick International School Central Park NEATT Convensia Jack Nicklaus Golf Club Cent Road Art Center Best Western Hotel Canalwalk Green Avenue
POSCO E&C Tower, Korea (top) / Master Plan for Hanoi Metropolitan City, Vietnam (bottom)
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C S R W i n - W i n G row th
POSCO E&C wishes to be an excellent business partner. It has established transparent business relations by incorporating the Three major guidelines for win-win cooperation as recommended by the Korea Fair Trade Commission, while operating its own Win-Win Growth Group and carrying out a variety of activities to support its business partners. With synergies for mutual growth, POSCO E&C will continue to enjoy respect and trust around the world.
Financial Support
Technology Development Fund: Designed to jointly develop technologies that are difficult for small businesses to develop independently, and to contribute to upgrading their technologies through financing. POSCO Family Network Loan: Enables partners to get loans from financial institutions based on a contract with POSCO E&C. Special Win-Win Cooperation Fund: POSCO E&C opens low-interest rate deposits at financial institutions, and these institutions create funds of the same amount as these deposits to give loans with lower interest rates to POSCOs partner companies. These lower interest rates are over 1.5% lower than general interest rates. Win-Win Guarantee Fund: Financial institutions extend long-term low-interest loans to recommended partner companies when guaranteed by funds based on special contributions by POSCO E&C.
POSCO Consortium Occupational Training For Small Businesses: Improves partner companies workforce capabilities using POSCO E&Cs excellent training facilities and human resources.
Other
Support Overseas Expansion By Partners: Helps partners to enhance global competitiveness and secure stable supplies by providing opportunities when POSCO E&C advances overseas. Operate Low Price Screening System: Guarantees reasonable earnings of partners by preventing low-price order-taking due to excessive competition. New Product Development With Guaranteed Purchase: Government and POSCO E&C support development costs of partners when they develop products that POSCO E&C needs, and guarantee purchases for a period of up to two years. Benefit Sharing System: POSCO E&C and partners work together to create new values and to share benefits.
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We are dreaming of a happier world for all through the warmth of sharing.
POSCO E&C aims to create a better world for all by sharing and caring. To this end, it has been carrying out social contribution activities in a systematic and continuous manner under the slogan of Happy Builder (people who are creating a happier world). Consisting of approximately 190 teams, which are led by employees, the voluntary public service organization delivers the warmth of love to the underprivileged at home and in other countries in which it operates. All of this is carried out while building hopes for the future through a broad range of support programs for children and teenagers as well as making other efforts to help address problems in local communities.
Domestic Community Service Activities
One to One: One group-one child center in Incheon partnership activities (50 groups) Universal Design: Improving the residential environments of the underprivileged Infinite construction challenge: Operating camps that provide youth with opportunities to experience environmentally friendly construction work Support for multicultural families: Activities for adaption to Korean society and encouraging the harmony of multicultural families Saturday of Sharing: Regular volunteer service activities by employees to help solve problems in local communities (third Saturday of every month) Global university students volunteer service group (Happy Builder): United volunteer service group activities by college students at home and abroad POSCO Family Incheon Volunteer Service Group: United volunteer service activities in Incheon at the POSCO family level The Bridge of Hope: Helping children who suffer from incurable diseases strengthen their will to fight against those diseases so that they can have their dreams come true Blood Donation: Donating blood from its employees twice a year under an agreement made with the Korean National Red Cross Sisterhood Relationships: Practicing sharing and caring by establishing sisterhood relationships with villages, schools and conventional markets in Pohang and Gwangyang Channel of Sharing and support for local communities: Supporting children and the underprivileged at home and abroad through our in-house intranet
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C S R S p ort s S p on so r sh i p
We are building a healthy Korea through the fair play spirit of sports.
Sports allow us to have new experiences and to learn the spirit of passion and harmony. POSCO E&C contributes to the development of sports in Korea by operating a gymnastics team and a rugby team with advanced training programs, and by encouraging positive competition and healthy physical activity. It supports sports activities in an effort to return part of its profits to the community.
Gymnastics Team
POSCO E&C founded a gymnastics team in 2004 to help advance the sport in Korea to a world-class level. The team is now devoted to training under the goal of winning the nations first gold medals in this event in the Olympics. It also participates in the discovery of future gymnastic stars, along with other support activities.
Rugby Team
POSCO E&Cs rugby team won the Korea Rugby Championship and the National Spring Rugby League in 2010 with outstanding hard work and talent. Not content to rest on its laurels, the team continues to improve by concentrating on training.
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History of Innovation
19 9 419 9 9
Dec 1994 Apr 1995 Apr 1995 Sept 1995 Aug 1996 Oct 1996 Oct 1996 Aug 1997 Sept 1997 Nov 1997 May 1998 Nov 1998 Mar 1999 Aug 1999 Dec 1999 Founded as POSCO Engineering & Construction (POSEC) Established IBC Corporation in Vietnam Established POSPLAZA Corporation in Shanghai, China Won order for construction of special steel mill for ARCO Steel in Egypt Completed Steel Structured Apartment houses, a first in Korea Obtained ISO 9001 Certificate Declared Corporate Culture Completed No.4 Cold Rolling Mill of Gwangyang Works Completed No. 3 Plate Mill of Pohang Works Completed CGL in Dalian, China Completed CGL in Zhangjiagang, China Completed Pallet Plant of KOBRASCO in Brazil Completed No. 5 Blast Furnace of Gwangyang Works Opened Hanoi Office in Vietnam Exported blast furnace overseas (Iran), a first for Korea Won Safety Management Award Opened Beijing Office, China
20002003
Mar 2000 Apr 2000 May 2000 June 2000 June 2000 June 2001 Feb 2002 Mar 2002 Dec 2002 Jan 2003 Feb 2003 Mar 2003 June 2003 June 2003 July 2003 Aug 2003 Oct 2003 Nov 2003 Won Golden Quality Medal from the Vietnamese government (Diamond Plaza) Obtained ISO 14001 Certificate Won Golden Construction Prize from the Shanghai City Government (POSPLAZA) Awarded highest rating among domestic construction companies in short-term credit rating evaluation Recorded lowest accident rate among top 20 construction companies for three consecutive years (Ministry of Labor) Awarded highest rating among domestic construction companies in short-term credit rating evaluation (for three consecutive years) Company name changed to POSCO E&C Launched Housing Brand, The Sharp Won Grand Prize at Hankyung Housing Culture Awards (Brand Category) Concluded CCL and CGL supply contract with KonMyung Steel & Iron Equipment, China Concluded CCL, CGL supply contract with Nakisco, Vietnam Obtained KOSHA 18001 Certificate Completed Finex Demo Plant Obtained OHSAS 18001 Certificate Enacted and proclaimed Code of Ethics Won Grand Prize at Global Green Management Excellence Awards Launched Songdo International Business District development project Won Main Prize at Korean Architectural Culture Awards
20042008
Feb 2004 July 2004 Nov 2004 Mar 2005 Apr 2005 Oct 2005 Mar 2006 June 2006 Aug 2006 Sept 2006 Jan 2007 Apr 2007 Aug 2007 Sept 2007 Oct 2007 Nov 2007 Dec 2007 Feb 2008 Apr 2008 July 2008 Sept 2008 Oct 2008 Concluded CGL supply contract with Prosperity of Taiwan Won highest credit rating among domestic construction companies for seven consecutive years Founded mens gymnastics team Concluded CCL supply contract with Hadeed of Saudi Arabia Ranked 11th in most admired companies domestically (Best in construction industry) Won Grand Prize at Global Green Management Excellence Awards (First in construction industry) Won Housing Design Award from American Institute of Architects (for The Sharp First World) Named the Most Ethical Corporation in construction industry category (Ministry of Commerce, Industry and Energy) Won Prime Minister Award at 10th Most Livable Apartment In Korea Awards (for Centum Park in Busan) Concluded agreement for the development of North An Kahnh New City, Vietnam Won order for Nueva Ventanas Coal Power Plant, Chile Won Grand Prize at Korea Global Green Management Awards (two consecutive years) Opened Dubai office Opened Cambodia Branch/Began Construction of North An Khanh New City in Vietnam Named the best company to work for in the construction industry Began construction of POSCO Cold-rolling Mill in Vung-Tau, Vietnam Won Grand Prize at Korea Global Green Management Awards (three consecutive years) Won Grand Prize at Korea Architectural Culture Awards (for The Sharp Star City) Declared The Agreement for Cooperation and Mutual Development with subcontractors Completed construction of Gwangyang No. 3 Blast Furnace in 55 days (the shortest time period in the world) Won Grand Prize at Korea Safety Management Awards Named the best company to work for in the construction industry (for three consecutive years) Acquired management rights for Daewoo Engineering Won order for Incheon Combined Cycle Power Plant, Units 5&6, from POSCO Power Won contract for Hanoi Metropolitan City Master Plan in Vietnam Won Grand Prize at Korea Global Green Management Awards (four consecutive years)
2 0 0 9 2 0 1 1
Jan 2009 Mar 2009 Apr 2009 May 2009 July 2009 July 2009 Sept 2009 Sept 2009 Oct 2009 Dec 2009 Jan 2010 Feb 2010 Mar 2010 May 2010 July 2010 Sept 2010 Oct 2010 Nov 2010 Dec 2010 Jan 2011 Feb 2011 Jul 2011 Opened Saudi Arabia Branch President & CEO Chung Dong-Hwa took office Won order for Noi BaiLao Cai Highway (A1 section), Vietnam Named excellent company for fair transactions in s ubcontracting by Korea Fair Trade Commission (best in construction industry) Ranked 8th in service category at the best company to work for award Korea (KMAC) Produced first molten iron from blast furnace at Tavazon, Iran Ranked first in apartment category in the Korean Standard Quality Excellence Index (KSQEI) survey by Korean Standards Association Won Grand Prize at Global Green Management Excellence Awards (five consecutive years) and inducted into Korean Green Excellence Hall of Fame Won order for Kallpa Combined Cycle Power Plant, Peru Completed Asia Special Steel, Japan Proclaimed new vision THINK FORWARD Won Grand Prize at 2009 Hankyung Housing Culture Awards (for The Sharp Central Park I) Founded rugby team Won Grand Prize at 2010 Ethical Management Awards Won contract for Vattanac Capital Tower in Cambodia Won contract for Santa Maria II Coal Power Plant in Chile Completed Songdo office building/Won order for A380 Highway in Uzbekistan Won Grand Prize in social community service activity category at Korea Social Contribution Awards Won order for Chilca Uno Combined Cycle Power Plant in Peru Launched Water and Environment Division Ranked first in apartment category in the Korean Standard Quality Excellence Index (KSQEI) survey by Korean Standards Association Won Grand Prize at Korea Architectural Culture Awards (for TriBowl) Received grand prize at the 2010 Korean Civil & Architecture Technology Award (Songdo office building) Proclaimed new vision 2020 Global Top 10 Acquired Santos CMI of Ecuador Received overseas nuclear power plant construction certification (ASME NA, NPT, NS) Ranked 4th top performing construction company in Korea
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Global Network
Subsidiary Branch
Kazakhstan China Korea Saudi Arabia U.A.E. India Vietnam Cambodia Indonesia Hawaii El Salvador Venezuela Equador Peru Brazil Mexico
POSCO Family
Subsidiary / Branch
POSCO was founded in 1968, and has since grown into a global steel manufacturer based on continuous innovations and an unyielding spirit of challenge. Since its inception, POSCO has been a key driver of national development, practicing sustainable management, by fulfilling social roles and responsibilities and by valuing more than just profit. Along with the POSCO family, POSCO E&C is working to create a better future and to grow together with neighbors, society, and nature.
Chile
STEEL
E&C
STEEL SUPPORT
ETC
POSCOSS
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POSCO E&C
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POSCO CHEMTECH
www.poscochemtech.com
Daewoo International
www.daewoo.com
POSCO C&C
www.poscocnc.com
POSCO PlantEC
www.poscoplantec.co.kr
POSCO P&S
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POSCO A&C
www.poscoanc.com
Poshimetal
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POSMATE
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POSCO AST
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POSCO Engineering
www.poscoengineering.co.kr
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POSCO TMC
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ENERGY
SNNC
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POSWITH
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IT
POSCO Power
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PNR
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POSCO ICT
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POSCO E&E
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Seung Kwang
www.sjcc.co.kr
NtoB
www.entob.com
POREKA
www.poreka.com
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A total solution provider, designing the dreams of people and building a foundation for hope, POSCO Engineering & Construction is committed to creating a better future for all.
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H eadquarters
568-1, Goedong-dong, Nam-gu, Pohang, Gyeongsangbuk-do, Korea Pohang P.O. Box 100 T. 82542236114~5
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