HOME What We Do Food (Agri-Bio)
POSCO Group aims to be Korea’s largest food trader by bolstering its upstream and downstream capabilities, in a bid to safeguard the security and reliable supply of food.
Global Food Business
POSCO Group is advancing national food security. In Ukraine, POSCO International operates a grain terminal that handles 2.5 million tons of crops per year.
- Grain Terminal, Ukraine
- · Location : Mykolaiv, Ukraine
- · Grain types : Corn, wheat, barley, soybean and so on
- · Annual Capacity: 2.5M tons
- Rice Processing Complex, Myanmar
- · Location: Yangon, Myanmar
- · Annual Output: 100K tons of milled rice
- Oil Palm Plantation, Indonesia
- · Location: Papua, Indonesia
- · Area: 34,000ha
- · Annual Output: 200K tons of crude palm oil (CPO) (Production to start in 2024)
- POSCO INTERNATIONAL Textile in Uzbekistan
- · Location: Fergana and Bukhara
- · Area: 5,200 ha (to expand to 50,000 ha by 2030)
- · Annual Output: 50K tons of cotton yarn and 69 million m2 of cotton textile
Based on our global trading capabilities and our proven success in farming business, we will emerge as a major food business.
Pursuing the acquisition of overseas raw grain assets and the gradual expansion into associated processing and consuming industries
Strategic direction and action plan
Foundation
Establish a global raw grain procurement system
① Secure raw grain assets in partnership with farming companies in Australia and Ukraine
② Forge partnerships with top-tier farming cooperatives/companies in North/Latin America
Expansion
Build a reliable food value chain
③ Pursue a phased advancement into processing and consuming businesses based on raw grain assets
Value-Up
Plant seeds for new ag-tech business
④ Review/pursue alignment with farming and new growth businesses on an on-going basis
2030 Mid-to-Long-term Growth Strategy
