Ann: Becoming a substantial holder from MUFG, page-103

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30/07/18

15:34

Post #: 34627554
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Originally posted by ironball ↑

Today 1 hour ago,
http://pulsenews.co.kr/view.php?sc=30800021&year=2018&no=477888
New Posco CEO vows to enhance materials business

South Korean steel giant Posco, the country’s sixth-largest conglomerate, will merge its manufacturing units for key electrodes of lithium-ion batteries and accelerate its carbon business as it looks beyond its traditional steelmaking for growth in the age of digitalization and automation, said its CEO.

Yesterday NikkeiNews: https://asia.nikkei.com/Asia300/Posco-s-new-chief-looks-for-spark-from-electric-car-batteries
Posco's new chief looks for spark from electric car batteries

South Korea's No. 1 steelmaker to make green energy a priority

SEOUL -- The incoming CEO of South Korean steelmaker Posco sees battery materials for electric vehicles as a new growth driver.
"We will focus on green energy operations such as battery materials in order to accelerate growth," said Choi Jeong-woo, who was previously CEO of chemical unit Posco Chemtech. He was appointed CEO at a special shareholders meeting Friday.
Choi said the company will reorganize some operations to better take advantage of synergies among the management team, planning on issuing a new management plan on his 100th day in office. He said group units making anode and cathode materials will be combined.

The company, South Korea's biggest steelmaker, will step up development and production of anode and cathode materials for batteries used in electric vehicles, and is considering entering the biotechnology business, Choi said.

TELL ME IF STILL NOT BUY GXY.

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Good article.

Read that and tell me Posco aren't about to sign.

What are the shorts thinking?

GXY Price at posting: $2.90 Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

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Ann: Becoming a substantial holder from MUFG, page-103

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