As of 2:17 PM 12/11/13 All times are local (Market data is delayed by at least 15 minutes).
posco-adr (PKX) Key Developments
POSCO Eyes STX
Dec 1 13
POSCO (KOSE:A005490) has expressed an interest in acquiring STX Energy Co., Ltd. from ORIX Corporation (TSE:8591).
POSCO Presents at UBS Global Emerging Markets One-on-One Conference, Dec-03-2013
Nov 30 13
POSCO Presents at UBS Global Emerging Markets One-on-One Conference, Dec-03-2013 . Venue: The Waldorf=Astoria, 301 Park Avenue, New York, NY 10022, United States.
POSCO Sign $40.5 Million Contract for Brazil's CSP Steel Plant
Nov 21 13
Posco has signed a $40.5 million contract with Praxair for the construction of an air separation unit (ASU) for steel manufacturing in Brazil. The ASU will be built at the $4.34 billion Companhia Siderúrgica do Pecém (CSP) steel mill in northeast Brazil's Ceará state. The unit is scheduled to be completed by August 2015. Posco's engineering and construction division was awarded the construction contract for the mill in December 2011 and the company started works in June last year. Earthworks were completed in December. The CSP mill is scheduled to begin operating by end-2015 and will increase the state's GDP by 12%.
Chung Joon-Yang to Resign as Chairman and CEO of POSCO
Nov 16 13
POSCO chairman and CEO Chung Joon-yang conveyed his willingness to resign to the chairman of the company's board of directors to pave the way for new leadership. Chung requested that the board chairman launch the in-house process to select his successor. The outgoing CEO was reelected to a three-year term chairmanship in March last year. He had been reportedly under pressure to quit from the ruling camp.
Russian Railways Holding and POSCO, HMM and KORAIL Sign Memorandum of Understanding
Nov 14 13
The Russian Railways' holding company and a consortium of South Korean companies consisting of POSCO, HMM and KORAIL signed a memorandum of understanding. The memorandum provides for cooperation between the Russian Railways' holding and South Korean companies on implementing a project to reconstruct the railway line between Khasan in Russia and Rajin in North Korea and to create a universal transshipment terminal at the port of Rajin.
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