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Posco Promotes Synergy among American Units
Aug. 16, 2010 Posco recently hosted the Synergy Conference at the Posco-America headquarters in New Jersey in an effort to form a common ground for the steelmaker’s North and South American subsidiaries.
With the theme “OPEN America 2010” (OPEN standing for Optimal Portfolio and Efficient Network), the event featured more than 30 Posco—and its research arm POSRI—employees, including Senior Vice President Kang Chang-gyun and heads of the company’s eight North and South American units.
During the event, Posco’s Invest Strategy Group announced the company’s growth strategies for the participating units. POSRI presented new developmental guidelines, based on its survey and analysis of problems and unique situations each is faced with.
Participants were divided according to their work—production, marketing, management strategy, etc.—and discussed synergy strategies, followed by a wrap-up meeting.
“As far as the management of Posco is concerned, the biggest talking point now is ‘creating synergy,’ for which all of us have to work hard enough to make the ‘one plus one equals three’ rule possible,” Chang-gyun said.
In May, Posco hosted the Synergy Conference in China. Later this year, the company plans to do it once more for its Southeast Asian subsidiaries.