History

POSCO DAEWOO

Expanding Business Areas
POSCO DAEWOO takes a leap toward becoming a “Global Integrated Corporation” by expanding its business areas from trading to resource development and project organization

POSCO DAEWOO

2017
  • 01Obtained approval for investment in grain-processing facility in Myanmar
  • 03Merged with steel business unit of POSCO P&S
  • 03Obtained exploration rights in Deep Sea Block DS-12 in Bangladesh
  • 05Entered into contract with National Grid UK to supply KRW 50 billion of transformers
  • 05Entered into contract with Myanmar government to supply 200 school buses
  • 06Opened Korean Exhibition center in Yiwu, China
2016
  • 01Obtained Federation of Oils, Seeds and Fats Associations Ltd (FOSFA) membership
  • 03Changed company name to POSCO DAEWOO
  • 05Entered into contract with Peruvian government to supply intelligent patrol cars
  • 07Entered into contract with US solar lights manufacturers to supply 30MW solar light modules
  • 12Entered into contract with UK's largest drugstore chain, Boots UK Limited, to procure space to provide Korean Cosmetic Store
2015
  • 01Moved headquarters to Songdo
  • 02Panama branch established
  • 07Obtained the Grain and Feed Trade Association (GAFTA) membership
  • 08Entered into contract with Royal Papua New Guinea Constabulary (RPNGC) for building communications network and CCTVs
  • 11Entered into contract with GM Uzbekistan to supply automotive assembly parts
2014
  • 01Entered into contract for 60MW independent power project in Papua New Guinea
  • 02Awarded USD 1.4 billion contract to build Combined Cycle Power Plant in Algeria.
  • 05Started construction of hotel in Myanmar
  • 09Obtained AAA (highest) level as Compliance Program (CP) corporate in the export of strategic commodities for the first time in the industry
  • 12Passed KRW 20 trillion sales mark (on consolidation basis)
2013
  • 03Entered into contract for USD 820million combined cycle power plant in Uzbekistan
  • 06Started commercial production at the Myanmar gas field
  • 07Concluded contract for Northeast Asia Trade Tower(NEATT) in Songdo Held a ceremony to mark the production at the Myanmar offshore gas field
  • 08Invested in stake in the development of tight oil in Canada
2012
  • 03Entered into contract for improving hospital facility with General Hospital H. Adam Malik in Indonesia
  • 06Began production of bituminous coal in Narrabri, Australia
  • 11Entered into for USD 1.06 billion combined cycle power plant in Algeria
2011
  • 09Acquired East Sea 6-1 field exploration rights Succeeded test for estimated reserves at the Myanmar offshore gas field
  • 11Launched into palm oil plantation business in Indonesia
2010
  • 11Incorporated into the POSCO Group
  • 12Passed KRW 15 trillion mark in sales (on consolidation basis)