POSCO DX Reports Increased Sales and Operating Profit in Q2
Group Companies’ Investments in Environmentally Friendly Materials Contribute to Growth
POSCO DX, a subsidiary of POSCO, has reported a significant increase in sales and operating profit in the second quarter of 2023. The company recorded sales of 369.2 billion won and operating profit of 34.3 billion won on a consolidated basis, marking a 55.1% increase in sales and a remarkable 137.4% increase in operating profit compared to the same period last year.
This positive performance has also contributed to the cumulative sales for the first half of this year, reaching 775.8 billion won, and an operating profit of 67.3 billion won. These figures show a substantial increase of 65% in sales and an impressive 98.2% increase in operating profit compared to the same period in the previous year.
POSCO DX attributes this growth to the expanding business opportunities in the fields of factory automation, smart factories, and industrial robots, particularly for POSCO group companies involved in the production of environmentally friendly materials, including secondary batteries.
POSCO Holdings, the holding company of POSCO, has recently announced its plan to expand investment in the secondary battery material business. At the ‘2nd POSCO Group Secondary Battery Material Business Value Day’ held on the 11th, the company presented its vision and goals for the growth of the secondary battery material business. Among these goals is a target to generate sales of 62 trillion won by 2030, including significant contributions from lithium, nickel, cathode materials, and anode materials. This revised target represents a 51% increase compared to the previously proposed sales target for eco-friendly materials in 2030.
If group companies proceed with the expansion of their secondary battery material production plants, POSCO DX, which specializes in factory automation facilities, stands to benefit. As a smart factory, POSCO DX utilizes automation facilities, control systems, integrated production control systems, warehouse automation, and industrial robots in the production of secondary battery materials such as lithium, nickel, cathode, and anode materials, all in line with the POSCO Group’s promotion of environmentally friendly materials.
An official from POSCO DX stated, “We are actively promoting the expansion of our robot automation solutions business for POSCO group companies, offering consulting, design, system construction, and operation services to effectively apply robots to high-risk and high-density industrial sites. Additionally, we are driving new orders in smart logistics and intensifying our sales activities.” The company aims to continue its growth and contribute to the overall success of the POSCO Group’s efforts in the secondary battery material business.
Source: Biznss Post
[비즈니스포스트] POSCO DX saw an increase in sales and operating profit in the second quarter as group companies expanded their investments in future environmentally friendly materials.
On the 18th, POSCO DX announced on the 18th that it recorded sales of 369.2 billion won and operating profit of 34.3 billion won on a consolidated basis in the second quarter of 2023. Compared to the second quarter of 2022, sales increased by 55.1% and operating profit increased by 137.4%.
▲ On the 18th, POSCO DX (pictured) announced through a public announcement that its operating profit in the second quarter of 2023 increased by 137% from a year ago. <포스코DX>
As a result, cumulative sales for the first half of this year through June reached 775.8 billion won and an operating profit of 67.3 billion won. Compared to the same period last year, sales increased by 65% and operating profit increased by 98.2%.
Regarding this, POSCO DX explained, “It is the result of more business opportunities in the fields of factory automation, smart factories, and industrial robots for POSCO group companies that promote business expansion into the field of environmentally friendly materials in the future, including secondary . batteries.”
The holding company, POSCO Holdings, recently announced a plan to expand investment in the secondary battery material business.
On the 11th, POSCO Holdings held the ‘2nd POSCO Group Secondary Battery Material Business Value Day’ to announce the group’s vision and goals for the growth of the secondary battery material business.
At the meeting, POSCO Holdings presented a goal of generating sales of KRW 62 trillion by 2030, including KRW 13.6 trillion of lithium, KRW 3.8 trillion of nickel, KRW 36.2 trillion of cathode materials, and KRW 5.2 trillion of anode materials. Compared to the previously proposed 2030 sales target of 41 trillion won for the entire eco-friendly material business, the target has been raised by about 51%.
Accordingly, if group companies expand their secondary battery material production plants, there is a high possibility that POSCO DX, which is in charge of factory automation facilities, will also benefit.
POSCO DX is a smart factory that uses automation facilities and control systems, integrated production control systems, warehouse automation and industrial robots that are applied to factories for the production of secondary battery materials such as lithium, nickel, cathode and anode materials and promoted by the POSCO Group. system is supplied.
An official from POSCO DX said, “We promote the expansion of robot automation solutions business for POSCO group companies, including consulting, design, system construction and operation to apply robots to high-risk and high-density industrial sites.” “We are also expanding new orders in smart logistics. We are further strengthening our sales activities for the company,” he said. Reporter Jang Eun-pa
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