Thursday, March 30, 2017

Kwon Ohjun "future business investment to new 50 years"



Kwon Ohjun - standing financial newspaper hyomun Korea News] fit the 49 founding anniversary next month, one day revealed the president will hagetdaneun go all the POSCO Group's future growth. Will invest 2.5 trillion won for three years for the non-steel parts strengthen competitiveness in the future growth projects announced he would create a new food for 50 years. Related to the control tower of the future strategy committee is also planned to be established.

Kwon Ohjun President announced the new medium-term strategy, "30 days' CEO Forum held in Yeouido NH Investment & Securities Auditorium. The main point of the strategy is smart △ Tuesday's promotion of future growth, profitability improvement △ differentiating capabilities based on a unique technology advancement and non-steel business steel business group business △ The three elements including (Smartization). Volume president comes to the end of 2019 successfully achieved a new medium-term strategy was also presented views that can be achieved consolidated operating profit of 5 trillion won.

Specifically, the current strengthening of the World Premium (WP) 'products produced and sold in leading Posco to beolrinda the gap with the second company plans. It is named the superior products to market and profitability "WP Plus is going further by increasing this strategy to further expand its current product mix WP increased by approximately 50%. This section is responsible for the Oh Inhwan POSCO CEO appointed in February, Steel Division.

In the non-steel sector, two commanding spearheaded President enhance the production of energy-saving materials such as lithium, nickel-based technologies, such as nickel smelting technology to extract lithium from brine or direct lung rechargeable battery. In fact, POSCO began, lithium production plant, completed in 2500 t-scale operations in seven years last month, the 7th reader technology. Then right president, said "a lot of restrictions and difficulties in it that bear fruit today because clear vision and passion for future growth," "future, lithium for batteries, as well as the positive electrode remelting of high purity nickel positive and negative re-development of energy as described in the materials business, competitive differentiation has said it plans to "continue to develop new businesses in the future. A wide remanufacturing technology to secure business investment magnesium plates that are expected to be applicable in the luxury car is also expected to increase.

In addition, also established the future strategy committee of the control tower for the non-steel industry more competitive. Future Strategy Board is an explanation will be operating the role to take enterprise every meeting a month should be to share information on new business and promote sharing out of the system.

Kwon said, "will be led by now we established the Future Strategy Committee set up a strategy for the group-wide affiliates to move as the direction," 30 days "whilst construction, energy, etc. There was a side promoted from non-steel business during implementation strategies individually," he said he said.





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