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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  POSCO    A005490   KR7005490008

POSCO

(A005490)
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End-of-day quote. End-of-day quote Korea Stock Exchange - 01/21
269500 KRW   -0.92%
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POSCO : Certifies 102 INNOVILT Products for 2020

10/21/2020 | 08:10am EST

l POSCO holds four sessions of brand committee in 2020 and selects 102 products from 66 companies as INNOVILT products
l The newly certified products following the fourth committee include products co-developed by POSCO and clients, such as the 'Augerbits Drilled Wing Pile' and the 'High Strength Helical Pile'

On October 6, POSCO held the 4th INNOVILT Brand Committee and certified 30 INNOVILT products from 23 companies. Hence, a total of 102 INNOVILT products from 66 companies have been selected in the first year since the launch of the INNOVILT brand last year.

The brand name 'INNOVILT' stands for Innovation, Value, and Built, and aims to innovate the value of the construction industry through POSCO Premium Steel. To become an 'INNOVILT' product, the steel material should be 100% POSCO or POSCO Group steel. Next, it should pass an evaluation of the product technology, marketability, and also the stability and management ability of the producer.

Among the fourth round of INNOVILT certified products, stands out cases where POSCO's technology and client companies worked in cooperation. The Augerbits Drilled Wing (ADW) Pile of Dowon foundation&grouting co., Ltd and Dong Yang S. Tec's STP550 High Strength Helical Pile that utilizes Steel Tube Pile 550 (STP550) fabricated with POSCO High strength steel PosH690 are representative examples. Both products adopt rotating compression by attaching spiral blades to high-strength steel pipes, to improve the conventional construction method, which causes much noise, vibration, and dust scattering. Since these complaints continue to increase at construction sites in urban areas, these INNOVILT products are expected to take center stage in the future.

Another feature of the new 4th INNOVILT products is that the criteria of subject products have been expanded from structural, interior & exterior, and civil engineering steel construction material to kitchen furniture and partitions used within a building. The 'Quadra sink bowl' series from LIVINGKITCHEN CO.,LTD is a premium sink bowl that fabricates a square shape using POSCO stainless steel (STS304J1). Lisquare's Antibacterial Class Premium Kitchen Furniture is a premium line of kitchen furniture with outstanding design and beautiful colors applied on stainless steel, PosMAC printed steel plates, and PosART, and yet complementing the conventional wood products that are weak in durability.

Once certified as an INNOVILT product, the client company receives an INNOVILT signboard, and now the client company can sell its steel construction material with the INNOVILT certification tag attached to it. Also, POSCO provides client companies with the opportunity to meet general construction companies and design companies in person and helps in promoting and expanding sales of INNOVILT products. Application for the 5th INNOVILT products will be received through the POSCO official website and INNOVILT website in December.

In addition to expanding INNOVILT products, POSCO plans to pioneer new markets by applying these outstanding products in group company businesses, including POSCO E&C and POSCO Steel Plate. These efforts will allow POSCO to lead the advancement of the steel construction material market and practice the shared value of its management philosophy, Corporate Citizenship

Disclaimer

POSCO published this content on 21 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2020 12:09:01 UTC


© Publicnow 2020
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Sales 2020 57 768 B 52,5 B 52,5 B
Net income 2020 1 382 B 1,26 B 1,26 B
Net Debt 2020 8 600 B 7,82 B 7,82 B
P/E ratio 2020 16,7x
Yield 2020 2,94%
Capitalization 21 140 B 19 209 M 19 216 M
EV / Sales 2020 366x
EV / Sales 2021 343x
Nbr of Employees -
Free-Float 88,3%
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Technical analysis trends POSCO
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 28
Average target price 318 464,29 KRW
Last Close Price 269 500,00 KRW
Spread / Highest target 44,7%
Spread / Average Target 18,2%
Spread / Lowest Target -7,24%
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NameTitle
Jeong-Woo Choi Co-Chief Executive Officer & Director
In-Hwa Chang Co-President, Co-CEO & Director
Seung-Kyu Lim Senior Managing Director & Head-Finance
Hag-Dong Kim Director & Senior Executive Vice President
Tak Jeong Director, Senior EVP & Head-Marketing
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