02 September, 2014 / Ziqa'ad 6, 1435
- File Photo
- File Photo

YANGON: South Korean multinational steelmaker Posco (formerly Pohang Iron and Steel Company) will invest in Myanmar’s construction industry, according to a company official.

To carry out the construction projects, Myanmar Posco E&C (Engineering & Construction) Co Ltd was formed and the Directorate of Investment and Company Administration allowed temporary registration to Posco Company on Monday.

Posco currently operates two integrated steel mills in South Korea, in Pohang and Gwangyang. In addition, the company also runs a joint venture with US Steel and Nippon Steel under two different companies, USS-Posco and Posco-Nippon Steel.

In Myanmar, Posco goes by the name of Myanmar Posco, which manufactures and sells galvanised iron sheets. Daewoo International, one of its subsidiaries, has already entered Myanmar.

Established in 1968, Posco has its headquarters in Pohang, South Korea. It had an output of 39.1 million tonnes of crude steel in 2011, making it the world’s fourth-largest steelmaker by this measure.

Posco E&C, a construction firm of Posco Group, was established in 1994. Posco has already formed thirty-five enterprises including Posco E & C, Posco Energy, Posco ICT, and Posco Terminal.

– By arrangement with the ANN/Eleven Media –


Do you have information you wish to share with Dawn.com? You can email our News Desk to share news tips, reports and general feedback. You can also email the Blog Desk if you have an opinion or narrative to share, or reach out to the Special Projects Desk to send us your Photos, or Videos.

More From This Section

Inflation at 7pc in August

The falling trend in prices of essential goods shows that the inflation in the next few months will decelerate further.

Comments (0) (Closed)