POSCO Interplans to Establish Modular Manufacturing Facility in Ukraine

Mikolai Uju and MOU

POSCO International announced on the 15th that it will promote a modular business as part of the reconstruction of Ukraine. Jeong Tak, Vice Chairman of POSCO International, became the first representative of a domestic private company to visit Ukraine from the 13th to the 15th, where he signed a Memorandum of Understanding (MOU) with Vitalii Kim, Governor of Mykolaiv, to establish a 'Steel Modular Manufacturing Facility.'

Modular structures use a block-like assembly method that can reduce construction time by up to 60%. They are expected to aid in post-war recovery processes such as building social infrastructure including housing, schools, and hospitals. The supply of modular units will leverage the full capabilities of the POSCO Group. POSCO steel products and POSCO A&C engineering technology will be combined with POSCO International’s local network and negotiation power to promote local business development.

Jung Tak, Vice Chairman of POSCO International, visited Ukraine and signed an MOU to establish a modular manufacturing facility with Vitaliy Kim, Governor of Mykolaiv.
[Photo by POSCO International]

Mykolaiv is home to POSCO International’s grain terminal, the only domestic investment asset in Ukraine. Governor Vitalii Kim, who is of Korean descent and a promising local politician, also brightens the business outlook. The company expects to expand its business scope from Ukraine’s food sector to infrastructure through this MOU.

Meanwhile, during his visit, Vice Chairman Jeong met with Viktor Ivanych, CEO of the local agricultural company Astarta, to discuss the export of Ukrainian grain, which is facing difficulties due to the maritime blockade, the utilization of the grain terminal, and the expansion of the grain sector value chain after the war. Earlier in Kyiv, he met with Prime Minister Denys Shmyhal, Rostyslav Shurma, Deputy Head of the Presidential Office (in charge of economy and industry), and Yuri Bashykov, Deputy Minister of Reconstruction, to discuss reconstruction projects. From the 16th to the 17th, he will visit France to continue his activities as a member of the Busan Expo Executive Committee.

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