A Net Cash Company with Stable 2020 Growth | Posco ICT
Watch the Uncovered Asia video with Andrew Stotz to learn more about the latest developments in Posco ICT Company Limited.
Company: Posco ICT Company Limited
Bloomberg ticker: 022100 KS
Background: Posco ICT Company Limited is listed on the KOSDAQ Stock Exchange in South Korea. The company maintains I.T. systems for its parent company POSCO Group, and builds and operates IT infrastructure for airports, energy, construction, and steel. Posco ICT has subsidiaries in China, Indonesia, Vietnam, and Brazil.
What’s happening in Posco ICT?
Posco ICT recently secured a project with Korea Glass Industrial Co., Ltd., Korea’s leading glassmaker, to build a smart manufacturing system at their Gunsan plant by January 2021.
In July, Posco ICT also partnered with CISCO to launch security solutions for smart factories at major industrial sites and power plants. Aims to prevent any external intrusions that could paralyze continuous processes.
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