- Business
- POSCO M-TECH Co., Ltd. (009520.KQ) manufactures and supplies specialized steel supplementary materials and packaging solutions primarily for the steel industry in South Korea; the company produces aluminum deoxidizers in ingot, pellet, and mini-pellet forms to remove supersaturated oxygen during steelmaking while enhancing weldability, toughness, high-temperature resistance, and corrosion resistance of steel products; ferro manganese for deoxidation and desulfurization to eliminate impurities in steel production; ferro silicon for similar impurity removal processes; and steel strips for packaging, complemented by engineering, procurement, and construction (EPC) contract services for industrial facilities. Founded in 1973 and headquartered in Pohang-si, South Korea, POSCO M-TECH operates as a subsidiary of POSCO Holdings, focusing on iron ore supplementary materials and smart packaging with approximately 1,263 employees serving domestic steelmakers and select international markets through its parent group's global network. In recent developments, the company secured a KRW 180.7 billion product packaging outsourcing contract from POSCO in 2023 to bolster its core packaging operations; reported 2024 financials including a dividend yield of 0.17% and payout ratio of 146.74% amid fluctuating steel market conditions; and continues joint technological development programs with small and medium-sized enterprises (SMEs) including patent applications and financial support initiatives to enhance production capabilities, while maintaining emphasis on workplace safety and data security as part of ongoing operational enhancements.