SeAh Steel Holdings

Last updated

SeAH Steel Holdings
Native name
세아제강지주
Type Public
KRX: 003030
Industry Steel pipe
FoundedOctober 1960
FounderLee Jong-Deok
HeadquartersSeAH Tower, 45, yanghwa-ro, Mapo-gu,
Seoul
,
South Korea
Key people
  • Lee Joo-sung (CEO)
  • and (President), Kim Tai-hyun (Executive Vice President)
ProductsSteel pipes and steel sheets
RevenueIncrease2.svg 3,953,834,150,660 KRW (2022)
Number of employees
733 (2017)
Subsidiaries SeAH Steel
Website http://www.seahsteel.co.kr

SeAH Steel Holdings (formerly SeAH Steel Corporation) is a South Korean holding company located in Seoul, South Korea. It was founded as a steel manufacturer in 1960 by Lee Jong-Deok with the name of Pusan Steel Pipe Industry Corporation.

Contents

In 2018, the SeAH Steel Corporation split into two separate entities, SeAH Steel Holdings, a holding group for SeAh's foreign affiliate companies, and SeAH Steel, which kept the steel manufacturing activities. [1]

The company operates seven steel mills worldwide with locations in the United States, [2] Vietnam, [3] United Arab Emirates, [4] and Italy. [5] And now construction works have got underway for SeAH Wind's offshore wind foundation factory in Teesside, UK. [6]

SeAH Steel

SeAH Steel remains the main subsidiary of SeAH Steel Holdings after it transitioned into two separate entities in 2018. [1]

SeAH Steel is the largest Korean steel pipe manufacturer [7] [1] and its main products consist of steel pipes, titanium tubes, stainless steel pipes and galvanized color steel sheets. [8] It currently runs four plants in South Korea, located in Pohang, Gunsan, Suncheon and Changwon.

Management

As of 2022, SeAH Steel Holdings corporate leadership is headed by President and CEO Lee Joo-sung. [9] He plays a primary role in managing the company's business operations and diversifying the company activities. Lee Joo-sung led SeAH Steel Holdings into the renewable energy market by creating the UK-based subsidiary SeAH Wind and its construction works have got underway for SeAH Wind's new £400m offshore wind foundation factory in Teesside, UK.

Other affiliates

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References

  1. 1 2 3 "SeAH Steel to demerge into holding, operating entities - Pulse by Maeil Business News Korea". pulsenews.co.kr (in Korean). Retrieved 4 September 2020.
  2. ↑ "SeAH acquires two US steel mills". koreatimes. 30 November 2016. Retrieved 4 September 2020.
  3. ↑ "SeAH Steel Holdings starts operation of new steel pipe mill in Vietnam - Pulse by Maeil Business News Korea". m.pulsenews.co.kr (in Korean). Retrieved 4 September 2020.
  4. ↑ "Ras Al Khaimah ruler opens 70mn SeAH Steel plant". Construction Week Online Middle East. Retrieved 4 September 2020.
  5. ↑ "SeAH steel Buys Italian Specialty Steel Pipe Supplier". Korea IT Times (in Korean). 11 February 2014. Retrieved 4 September 2020.
  6. ↑ Lee, Danbee. "Works start on SeAH's Teesside monopile plant". KOREAN INVESTORS. Retrieved 7 July 2022.
  7. ↑ 박상수 (6 February 2007). "(LEAD) POSCO forges strategic alliance with SeAH Steel". Yonhap News Agency. Retrieved 4 September 2020.
  8. ↑ "SeAH Steel Corp - Company Profile and News". Bloomberg.com. Retrieved 4 September 2020.
  9. ↑ "Lee Joo-sung Named President & CEO of SeAH Steel Holdings". Wall Street Journal. 15 February 2022. ISSN   0099-9660 . Retrieved 29 March 2022.
  10. ↑ "SEAH GROUP". www.seah.co.kr. Retrieved 4 September 2020.
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