HD Hyundai XiteSolution announced on the 17th that it has received an order for 22 units of 3.5-ton (t) hydrogen fuel cell forklifts from the Korea Institute of Construction Equipment. This is interpreted as accelerating the transition to hydrogen mobility through the commercialization of hydrogen i...
Cenotec, a ceramic materials corporation, announced on the 16th that it signed a memorandum of understanding (MOU) with Hanwha Aerospace on the 11th to develop key raw material molding technology for next-generation propulsion systems. This agreement includes the joint development of key raw materia...
Dongkuk Steel Mill announced on the 15th that it is considering acquiring Hyundai IFC, a subsidiary of Hyundai Steel. Hyundai IFC is a subsidiary that was partitioned from Hyundai Steel's forging institutional sector in 2020, fully owned by Hyundai Steel. Last year, Hyundai IFC reported revenue of 5...
The Gangwon Economic Promotion Agency announced on the 14th that it has reviewed and decided on the final candidate for the director position from two recommended individuals, choosing former Samsung Vice President Seo Dong-myeon. The candidate, Seo, is from Wonju, Gangwon Province, and graduated fr...
“There have been many times in the past when we reduced the operating rate or had less work. However, it's the first time the factory has officially shut down, and a sense of anxiety is coming over us.” “When talks of restructuring arise, our partner companies will be the first to lose contracts. Th...
In 2018, analyses suggest that the expansion of U.S. President Donald Trump's tariff bomb, which had been limited to certain items centered around China, to all items worldwide in the second phase was due to China's 'disguised exports.' Concerns have been raised that the United States may continue t...
Jang In-hwa, chairman of POSCO Group, visited Australia for three days starting from the 7th to enhance the competitiveness of the steel business and strengthen the energy value chain. This is interpreted as an effort to overcome uncertainties in the global steel industry and to strengthen business ...
Dongkuk Steel Mill introduced its new products "DK Green Bar" and "D-Mega Beam" at its Pohang plant in North Gyeongsang Province on the 10th. "DK Green Bar" is a special rebar from Dongkuk Steel Mill that connects coil, seismic, and cryogenic rebar, reinforced with fiberglass and polymer resin. It i...
Hanwha Aerospace announced on the 8th that it signed a contract worth 402.6 billion won to supply components for self-propelled artillery with the Polish state defense company "Huta Stalowa Wola" on the 7th (local time). Under this contract, Hanwha Aerospace will supply components for the chassis of...
Hyundai Rotem announced on the 8th that it has established solar power generation facilities on the roof of the Quality Safety Center building at its Changwon plant and has begun producing renewable energy. Hyundai Steel plans to produce approximately 115 MWh per year to replace some of the electric...
