Group items tagged

Poongsan Corporation is reviewing the investment in the brass bar facility as the company pushes forward consistent profit structure improvement by the business restructuring that focuses on employing

Poongsan Corporation is going to stop production of copper pipe & tubes beginning fourth quarter of the year because of poor profitability stemming from the continuing capacity expansion.

Poongsan Corporation raised its sales targets, backed by strong Chinese demand. The company is expecting to sell some 210,000t of copper and alloy semis this year, compared to an earlier forecast of 205,000t. In addition, the company is expanding capacity in sheet and strip products used in electronics. It was reported that sheet and strip capacity will increase by 22%, to be completed by 2012.

Poongsan Corporation is pushing forward its business restructuring, thereby improving the continuing profit structure. The company pushes for strategic marketing sales and administration of raw materials.