Académique Documents
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December 2010
Contents
I Daewoo International
Corporate Outlook
Daewoo International (DWI)
History Established as Daewoo Corporation (1967) Become a member company of POSCO Group (2010)
International Trading Project Organizing Major Business Natural Resource Development Manufacturing : Textile, Cement, Steel Processing etc Total : 95 Global Network - Asia 46, Middle East 7, Africa 12, Europe 9 CIS 8, America 13 Employee Sales (2009) Total : 16,576 (1,638 In Korea, 14,938 Overseas) Sales USD 10.0 b
3
Core Competency
The best trading, project organizer, and energy/resources development company in Korea
Core Competency Trading & PJT Expertise
Global Network
69 trading units, 12 manufacturing units, 14 energy/resources projects operating 365 days 24 hours around the world.
Global Network : Total 95
Business Sector
Based on strength in main sectors, DWI diversifies its business model in a way that creates a synergy, like a Package Deal.
Main Business Sector
To Create Synergy
Energy & Resource
Development Production
Exploration
Marketing
Stable Supply
Raw Material
Production
Organizing: Industrial/Power Plant, Infrastructure (Ex. Railway, Port) Development : Package Deal (Resource + Plant), IPP
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-Global Trading
Trading various items from raw materials to end products in the following key industries.
Key Trading Item & Sales Volume
2009 Sales
(USD Million)
Business Sector
Item
Petroleum Products, Chemical Raw Materials PE/PP, PVC, PET Resin, Fertilizer etc Machinery, Plant Automotive Components, Parts Cotton, Cotton Yarn & Fabric Textile Materials, Woven Apparels Grain, Foodstuff Mineral & Construction Materials Electronic Products, IT Products Defense Industry Products
216
121
8,700
7
Contracts (2009~2010)
(Unit : US$ M) Country Indonesia Item Submarine Overhaul
Amount
75
6X6 APC
KT-1B Basic Trainer Parachute etc Columbia Sudan Thailand Ammunition etc Military Vehicle Military Vehicle etc Military Vehicle
65
35.5 17 4.3 12 1.9 1.3
Basic Trainers
Nepal
Morocco
Chile Equator Frigates Submarine
8
Military Vehicle
Military Vehicle K3 5.56mm LMG etc Total
2.8
3.3 1.3 219.4
CHINA Investment
CHINA Paper
CHINA Paper
SUDAN Medicine
CHINA Cement
Subsidiary Investment
12 USD 266M
Business Sector
UZBEKISTAN Block 35 (Operator) UZBEKISTAN Block 36 (Operator) OMAN KOLNG (Gas) MYANMAR AD-7 (gas) (Operator) MYANMAR A-1 (gas) (Operator)
VIETNAM 11-2 (gas) MYANMAR A-3 (gas) (Operator) AUSTRALIA White Cliff (nickel) AUSTRALIA Marree (uranium) AUSTRALIA Narrabri (coal) PERU Block 8 (oil) BOLIVIA Corocoro (copper)
8 Energy Projects
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Business Sector
Contract Investment
Equity
* TCF (Trillion Cubic Feet), 4.5~7.7 TCF is 0.8 ~ 1.4billion barrel of oil equivalent
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Status
Establishment 1996. 8. 16. Port Moresby, Papua NewGuinea
Capital Investment
Location
Contract
Investment
BOT
USD 8 M USD 26 M 24 MW/Year
Finance
Local Government
Insurance
Madagascar Ambatovy Nickel Project Total (USD) : 4,650 M - Executed : 4,370 M - Expected : 280 M DWI 4% 125 MMt @ 1.04% Nickel, 0.10% Cobalt Nickel 60,000 ton Cobalt 5,600 ton
Equity Reserve
Guarantee Loan
Lenders Group
Ambatovy Plant
Operation/Maintenance
EPC Contractors
Production (2011f)
O&M Company
Vision 2020
Growing to become a global major trader, project developer, and competitive resource developer by 2020, with the following strategy.
Vision2020, Financial Target, and Strategy
World Top-class Trader, Investor, Developer - Sales USD 65 Billion , Pre-tax Income 2.2 Billon
~2010
1 2 3 4 5
~2020
Global Major Trader
Top 10 Sales Volume
Niche Organizer
Power, Paper manufacturing Plant
Project Developer
Country marketing Large-size, complex project development
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Contents
I Daewoo International
15
POSCO - Chronology
Worlds top steel maker with Resource limited, creativity unlimited spirit
Growth of POSCO
(Unit: Th. Tons)
2010 : Indonesian Works Construction begin 8 7 2009 : 34Mil Ton/Year 6 1998: Global No.1 Steel production 1994: Listed on NYSE (First Korean Company)
5
4
3 2
1968: Establishment
1
16
Production
Production
No 1 2 3
Production
COMPANY POSCO
SAIL NUCOR Arcelor Mittal
Score 7.84
7.41 7.28 7.10
17
22.1% 11.3
A-Mittal
6.2% 0.1
09 10.1H 07
5.8%
Financial Position
Debt-toEquity Ratio 24.4 Asset 31
Credit Rating
34.7% 29.2 $45 Billon
Organization
33.3
2008 A1
2009 A1
2010 A2
37
40
Moodys
S&P
07 08 09 10.1H
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Nickel 56 926
RUSSIA
CANADA AMERICA
Iron Ore
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Coal
(Global Processing Centers : total 46 as of Sep 2010) China 16 S.E.A 11 Japan 6 India America Europe 5 5 3
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- Steel Mill Construction & Operation track record - Possession of Key Industry Biz : Steel, Construction, Power etc - Big Consumer of Raw Material & Energy - 22 Overseas Steel Works & 46 SCM Coil centers
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Overseas
Posteel, DWI, POSCO TMC, POSCO AST
5 3 1 1 4 4
POSCO E&C, Sungjin Geotec, POSCO Plantec, POSCO A&C, Daewoo Engineering POSCO Power, POSCO E&E, Busan E&E POSCO ICT POSCO Chemtech, Samjung P&A, Poshimetal, Posfine, PNR RIST, POSTECH, POSEF, POSTF
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Steel Manufacture
14
ZPSS, QPSS, DPSC, Gunagdong Steel, VPS, POSVINA, Myanmar-POSCO, P-Malaysia, UPP-Mexico, P-Vietnam, P-VST, P-India, P-Maharashtra POSCO America, POSCO Japan, POSCO Asia, POSCO China POSCO Australia, POSCO Canada, KOBRASCO, PT MRI China 7 (P-CFPC,CSPC,CWPC etc) India 3 (POSCO-IPPC,IDPC,ICPC) Vietnam 2 (POSCO-VHPC,VNPC) Other 6 (POSCO-TBPC,MKPC etc) POSINVEST,P-Urguay, P-Mexico Humantech
4 4
SCM
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Other
[ Water Treatment & Environmental Plant] Water treatment, Resource recycle, Air refining, Drainage pipeline
KOREA FINEX, 1.5Mt (Jan 04~Apr 07) No.3 Sintering Plant, 6.3Mt (Nov 04-May 06) New Steel-marking Plant, 4.6Mt (July 08~Sept 10) Revamping of No. 3 machine for No. 2 Continuous Casting Plant, 3.5Mt (June 06~Nov 07) CHINA > ZPSS STS, 0.6MT (Dec 04~July 06) JAPAN > Asia Special Steel, 1.2Mt (Dec 07~May 09) TAIWAN > Prosperity PGL, 0.5Mt (June 07~June 10) VIETNAM > POSCO Vietnam CAL, 0.7Mt (Aug 07~Sept 09) INDIA > IISCO Blast Furnace, 1.4Mt (Oct 07-Dec 10) MEXICO > POSCO Mexico CGL, 0.4Mt (Oct 07~June 09)
FINEX
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Solar Power Wind Power Busan RDF Thermal Plant Power Plant Plant Power Plant
Nueva Ventanas
Angamos
26
- Energy
Energy group, Koreas largest private power plant, advances into global market and green energy biz to become a global energy company.
Business Area : Power Plant, LNG Terminal Operation, Fuel Cell
Energy/Resource
Oil / Gas
Green Energy
[ POSCO Power] Koreas Largest Private Power Plant & LNG Terminal, Fuel Cell Biz
- LNG complex plant Operation: 3,300MW
Fuel Cell : Domestic 32MW (100MW/year) Solar Power: Worlds largest(300MW) Biz Entry
Mineral
Overseas Biz : IPP Biz Entry (South America, Asia, Middle East)
IPP
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- Information Technology
IT/LED Group, with competitiveness in both IT and engineering for 30 years, is now creating Green ICT future by making ICT convergence.
Business Area : Engineering, Automation, SI, and IT Outsourcing, LED
[ By Service ] Engineering : From design to procurement, construction, operation, and post management
- Construction IT, Railway, Plant, Logistics, Power Generation, Energy, Environment IT & Engineering Service
System Integration : Diagnosis and design of information systems, S/W development, H/W and network establishment IT Outsourcing service : POSCO information system operation [ By Industry ] Construction : Intelligent building system establishment, Digital home Railway, Traffic : Vehicles signals, communications, Railway station automation solutions etc Logistics : Logistics automation, unmanned system, overall baggage management, transport control system, and automatic container search system, consulting Manufacturing/Power generation : Automation systems, power generation system Environment : Incinerator control, Sewage processing & Waste energy system National defense, Public : Network-oriented defense knowledge informatization, U-Government
28 28
- Information Technology
IT/LED group is to play a leading role in promoting green growth by focusing on Smart grid and U-Eco City project, LED.
Business Area : Engineering, Automation, SI, and IT Outsourcing, LED
[ Smart Grid] Power grid optimizing energy efficiency, through interactive communication bet-ween power supplier and consumer. [ U-Eco City] Development of eco-friendly cities: Resource Recycle, Green Energy, Eco-friendly transportaion etc [ LED Lighting]
- Specialized in industrial lighting - Outdoor lighting, Intelligent road lighting - LED for marine environment, - Port, Automobile * Under construction
LED Material
LED Lighting
29
- Chemical
Chemical group, a leading manufacturer of refractories and industrial furnaces, is widening its territory into high value-creation biz.
Business Area
[ Existing Biz]
General Refractories Manufacturing Refractory's Maintenance work for Steel Mill Industrial Furnaces
[ New Biz]
Chemical POSCO steel by-product
Advance into high value-creating Area : Coal chemical, oil refinery etc
30
POSCO Canada l
l
l l l
VECTUS
POSCO America
l l l l l l l
POSCO-China l
ll lll l l POSCO l l l l India ll l l l l l l l l ll ll l l l ll l POSCO-Japan
UPI, USP
POSCO-Mexico, l l
l l
POSEC NIGERIA
l KOBRASCO l l
ll l l l
NMC
l POSCO Uruguay
POSCHROME
POSCO Australia
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Great Voyager
Expand Market : Existing UI + Africa, Siberia, North/South Pole etc
- Domestic Sales 60% vs Overseas Sales 40%
Great Workplace
Family Management System on Trust, Communication, Innovation, Synergy
- Respected Company by practicing Human Respect and Social Responsibility
Great People
Growth of Company/Employee together by supporting individual Vision
- Individual growth through work, Desirable Work-place Culture, High Life-quality
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Contents
I Daewoo International
33
+
Government or Project Owner Deal Sourcing (Facilitator) Steel Plant Construction/ Operation Social Infra
(Motorway, Railway, Port etc)
+
Energy Infra
(Power Plant)
Control System
(IT system, U-City etc)
Enter into rare metal biz (include E&P) to assist POSCOs new material business
34
- Expand Trading Biz through Joint Venture on Coil Center with POSCO
* Apart from local sales, DWI exported 2.1M ton among 30M ton of POSCOs domestic production (2009)
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Contents
I Daewoo International
36
Business Opportunity
DWI, with POSCO Group, will provide the most competitive total solution for energy/resource development and project organizing.
Energy/Resource Development
Thank You!
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