Posco Engineering & Construction., Ltd
Established in 1994, POSCO Engineering & Construction are a leading partner for water and environment works. We are committed to giving our clients a competitive edge. We have recently been appointed as the contractor for the water treatment plant in Yanbu’ al Bahr (Saudi Arabia) and for water resources planning in Abu Dhabi (United Arab Emirates). We also specialise in strategic planning for desalination facilities. We have accumulated diverse skills from our many projects, which range from drinking water to recovery. We have implemented the PEPCOM system of project planning—financing, engineering, procurement, construction, operation and maintenance—throughout our projects.
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- Business Type:
- Engineering service provider
- Industry Type:
- Water and Wastewater - Water Consulting and Engineering
- Market Focus:
- Globally (various continents)
- Year Founded:
POSCO E&C is a general construction company established in December 1994, aiming for a global engineering & construction company based on expert engineering technologies, know-hows, and man powers with skills and experiences from the integrated steelworks of POSCO which has one of the world-wide competitiveness in ironworks.
From its strategic business planning to design, construction and test-run, POSCO E&C not only has been implementing a series of projects, but also has earned trust from its customers in diverse industries including plant construction for steel plant, environmental plant, power plant, new city development & architecture, social overhead capital (SOC) and skyscrapers.
POSCO E&C has also expanded its business to the development of new cities and complex such as Songdo International Business District in South Korea and North An Khanh New City in Vietnam, and to new and recycling energy sector including building power plants for solar, wind and tidal energy for future. In addition, POSCO E&C has been expanding its market to countries in Latin America, Middle East and Eastern Europe.
POSCO E&C has been tuning to meet challenges in amid rapid changes in business environments based on its people-oriented value and technologies with competitiveness, and maintaining its sustainability as Global E&C Company leading the 21st century.
Business Ethics & Compliance
POSCO E&C's business ethics and compliance being the utmost virtue since its launch of business, POSCO E&C has been doing its best for ensuring customers' satisfaction through quality construction by rooting out any ground of untrustworthy construction practice by strictly observing business ethics and compliance which makes transparent operation of the company feasible. Furthermore, POSCO E&C will be a leading company who reforms the old undesirable customary practice in industry and be a model for its transparent management, which can be recognized by its customers.
Quality and Safety
POSCO E&C has been making its efforts in securing the best quality with perfect systems, aiming to gain world-wide recognition as a leading company based on what we have achieved in the market where we meet our consumers. We always have it in our mind and culture that the fundamental duty and value of a company is to serve the communities and customers by providing and implementing efficient facilities, robust and safe buildings, and good-to-live-in houses which takes the priority to speedy works. Furthermore, being site-oriented, POSCO E&C places top priority on dynamics at work site which is the source of profits, providing its people with cheerful working environment and conditions, and emphasizing safety at site under the banner of 'Accident 0%.'
Renowned by its supreme financial structure in domestic construction industry, POSCO E&C has been running its business based upon its sturdy and stable financial status with its top evaluation for corporate credit.
POSCO E&C has been evaluated as grade 'A1' in the commercial paper assessment indicating short-term corporate credit rating, and also as grade 'AA-' in the corporate bond assessment for long-term credit criteria for the past several years.
In addition, grades 'BBB' by S&P and 'Baa3' by Moody's were labeled on POSCO E&C respectively in 2007, which stands for the best credit status in construction market in Asia, not to mention in Korea. Such evaluation is deemed to be rooted from the transparent business management of POSCO E&C. POSCO E&C has been currently growing rapidly by expanding the sectors of its businesses, based upon its sound financial structure which is the foundation of customers' satisfaction in its drive to become a global E&C corporation.