Posco Daewoo 2017-2010

POSCO DAEWOO

EXPANDING BUSINESS AREAS

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

PERIOD 2017-2014

2017

01 Obtained approval for investment in grain-processing facility in Myanmar
03 Merged with steel business unit of POSCO P&S
03 Obtained exploration rights in Deep Sea Block DS-12 in Bangladesh
05 Entered into contract with National Grid UK to supply KRW 50 billion of transformers
05 Entered into contract with Myanmar government to supply 200 school buses
06 Opened Korean Exhibition center in Yiwu, China

2016

01  Obtained Federation of Oils, Seeds and Fats Associations Ltd (FOSFA) membership
03  Changed company name to POSCO DAEWOO
05  Entered into contract with Peruvian government to supply intelligent patrol cars
07  Entered into contract with US solar lights manufacturers to supply 30MW solar light module
12  Entered into contract with UK's largest drugstore chain, Boots UK Limited, to procure space to provide Korean Cosmetic Store

2015

01 Moved headquarters to Songdo
02 Panama branch established
07 Obtained the Grain and Feed Trade Association (GAFTA) membership
08 Entered into contract with Royal Papua New Guinea Constabulary (RPNGC) for building communications network and CCTVs
11 Entered into contract with GM Uzbekistan to supply automotive assembly parts

PERIOD 2014-2010

2014

01 Entered into contract for 60MW independent power project in Papua New Guinea
02 Awarded 1.4 billion USD contract to build Combined Cycle Power Plant in Algeria
03 Announces President Jeon Byeong Eal as CEO & Chairman of BOD
05 Started construction of hotel in Myanmar
09 Obtained AAA (highest) level as Compliance Program (CP) corporate in the export of strategic commodities for the first time in the industry
12 Passed KRW 20 trillion sales mark (on consolidation basis)

2013

06 Entered into contract for USD 820million combined cycle power plant in Uzbekistan
06 Started commercial production at the Myanmar gas field
07 Concluded contract for Northeast Asia Trade Tower(NEATT) in Songdo Held a ceremony to mark the production at the Myanmar offshore gas field
08 Invested in stake in the development of tight oil in Canada

2012

03 Entered into contract for improving hospital facility with General Hospital H. Adam Malik in Indonesia
06 Began production of bituminous coal in Narrabri, Australia
11 Entered into for USD 1.06 billion combined cycle power plant in Algeria

2011

09 Acquired East Sea 6-1 field exploration rights. Succeeded test for estimated reserves at the Myanmar offshore gas field
11 Launched into palm oil plantation business in Indonesia

2010

11 Incorporated into the POSCO Group
12 Passed KRW 15 trillion mark in sales (on consolidation basis)