POSCO Signs Eco-Friendly Business Cooperation Agreement with Lotte Construction Applying 'InnoVilt' Products

Gochang High School constructed with steel modular, a next-generation eco-friendly construction method

[Asia Economy Reporter Hwang Yoon-joo] POSCO is expanding the use of eco-friendly construction materials by collaborating with Lotte Construction, a major domestic construction company, utilizing POSCO's premium construction material brand ‘Innovilt (INNOVILT)’.

On the 27th, POSCO signed an MOU with Lotte Construction for the creation of a pilot complex using eco-friendly construction materials based on Innovilt and for cooperation in the steel modular business. This MOU is significant as both companies have agreed to jointly address environmental issues arising from the construction industry, such as construction waste and fine dust, starting from the eco-friendly construction material pilot complex.

Through this agreement, POSCO and Lotte Construction will establish an eco-friendly construction material pilot complex at sites including Lotte Tower in Seocho-gu, applying POSCO’s eco-friendly Innovilt products such as ‘PosART (inkjet printed steel sheets)’ and steel wall panels. PosART can replicate patterns and textures of marble, wood, fabric, etc., on steel plates, allowing it to replace marble and wood. The recyclable steel wall panels can substitute gypsum boards, making them environmentally friendly.

Additionally, POSCO will support Lotte Construction with its next-generation eco-friendly construction method, steel modular technology, strengthening cooperation in the modular business. Unlike the traditional concrete wet construction method, steel modular uses steel as the material in a dry assembly method, which can shorten on-site construction time by over a year and minimize construction waste through recyclability. POSCO’s Innovilt products, such as steel curtain walls used for high-end building exteriors and eco-friendly decking plates for flooring, are applied in steel modular buildings.

Jang In-hwa, CEO of POSCO, stated, "We will actively support Lotte Construction’s eco-friendly construction material pilot complex with POSCO’s excellent steel products and structural material utilization technology," adding, "We expect synergy from the collaboration in the modular business between the two companies."

Ha Seok-joo, CEO of Lotte Construction, said, "We expect that combining POSCO’s steel modular method and Innovilt products with Lotte Construction’s construction will provide opportunities to solve various environmental issues and improve construction quality."

This content was produced with the assistance of AI translation services.