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POSCO Holdings. (Photo=Yonhap News) |
[Alpha Biz= Reporter Kim Jisun] POSCO Holdings said on the 25th that its sales in the first quarter of this year were 18.52 trillion won, down 6.9 percent from the same period last year. During the same period, operating profit fell 17.3 percent to 583 billion won.
POSCO Holdings said it will focus its resources and capabilities on the steel and secondary battery materials business, which are the core of the group in the future.
The steel business division has decided to develop POSCO's Smart Factory into an intelligent factory (intelligent factory) that combines artificial intelligence (AI) and transform it into a low-carbon production system. Through this, the company plans to secure cost competitiveness.
In the field of secondary battery materials, the company decided to secure profit models based on growth and profitability with a focus on securing superior resources such as lithium in response to falling raw material prices. It will also diversify its business expansion methods through R & D-based innovative process development (R & D) and mergers and acquisitions (M & A) of blue-chip companies, and start early commercialization of next-generation materials such as all-solid materials.
POSCO Holdings will also consider investing in some businesses, including recycling waste batteries, to reflect the stagnant demand in the global electric vehicle market.
POSCO Holdings presented consolidated sales of 78 trillion won and investment budget of 10.8 trillion won as financial goals for this year at the performance conference call.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
