POSCO International has pledged to help rebuild war-torn Ukraine by initiating modular construction projects to repair the country s critical infrastructure, according to the country s top steelmaker, Wednesday.
Posco International announced Wednesday that the company would join Ukraine’s reconstruction, starting with setting up a factory to manufacture modules for new buildings in war-torn regions of the country. Posco International Vice Chairman Jeong Tak on Tuesday met with Vitaliy Kim, governor of Mykolaiv, in Ukraine's capital Kyiv to sign a memorandum of understanding for the construction of a modular factor.
POSCO International and Lotte Energy Materials signed a memorandum of understanding, Wednesday, regarding the former’s supply of 600,000 tons of copper to the latter over the next 10 years. The copper will be used to make foil that covers anode materials in rechargeable batteries.
Posco International said Wednesday it completed a production facility for traction motor cores, or parts responsible for converting electric energy into kinetic energy in electric vehicles, in Mexico, in a bid to accelerate its foray into the North American market. Posco International said it held a ceremony in Ramos Arizpe, Mexico, to commemorate the completion of Posco International Mexico E-Mobility, or PI-MEM. Ac.