POSCO Inter "Operating Profit in Eco-friendly Materials Sector to Quadruple by 2030"

POSCO International announced its goal to quadruple operating profit in the eco-friendly materials sector by 2030. The company aims to achieve significant growth in four business areas?eco-friendly energy steel, mobility, secondary battery materials, and steel raw materials?and grow into a comprehensive eco-friendly business company.

On the 8th, POSCO International (hereafter POSCO Inter) revealed this plan at the 'Eco-friendly Materials Value Day' for investors held at the FKI Tower in Yeouido, Seoul. Lee Gye-in, Head of POSCO Inter's Global Business Division, stated, "By 2030, sales and operating profit in the eco-friendly materials business will grow twofold and fourfold, respectively, compared to this year," and emphasized, "We will solidify our position as a leading comprehensive eco-friendly business company."

POSCO Inter divided its eco-friendly business into four major sectors: ▲energy steel ▲mobility ▲secondary battery materials ▲steel raw materials, and presented specific targets. First, the energy steel business set a sales target of 2.23 million tons by 2030. To achieve this, the company plans to secure price stability through long-term supply contracts with POSCO based on the eco-friendly specialized steel 'Greenate.'

The mobility business will expand into the hydrogen vehicle value chain while pursuing integrated package orders covering batteries, parts, motors, and vehicle bodies. Reflecting the global trend of electric vehicles equipped with multiple motors, the driving motor core business plans to invest approximately KRW 680 billion in the growth market by 2035. The goal is to establish a production system capable of manufacturing 10 million units by 2035.

In the secondary battery materials business, POSCO Inter announced plans to establish a supply system of 350,000 tons by 2030, which is ten times the current scale. To this end, the company intends to build a value chain spanning mines (graphite, lithium, nickel), raw materials (copper foil), materials (anode materials, cathode materials, active materials), and battery recycling, aiming to enhance synergy among group companies.

The steel raw materials business will gradually increase the amount of steel scrap secured to ensure stable supply to group companies. By 2030, the plan is to establish a total of 26 global collection bases to timely complete a supply system of 5 million tons, matching POSCO’s demand forecast.

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