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