According to report, Posco Group Chairman Choi Jeong-won said that the group will raise productivity, profitability and social responsibility, and will try hard to match group sales by 100 trillion won by 2030.
It will firstly expand the steel production for automobiles to 12 million tons by 2025 as well as to consolidate the status in global automobile material industry. It will focus to cooperate with partners for developing new technologies for improved products and cost-down.
It will also plan to merge Posco Chemtech and Posco ESM. Those companies produced cathode and anode material for electric vehicle batteries. And it believed the merge will help to share 20% in global market and rising sales to 17 trillion by 2030.
The group will invest 45 trillion won to achieve the target sales in next 5 years.
