Posted by: meikah | 25 January 2009 | 8:45 pm
Pohang Iron and Steel Company (POSCO), the world’s fourth largest steel producer, is not spared from the economic crisis. Like all the other manufacturing companies that import raw materials, POSCO has its share of business challenges, too.
However, POSCO has a weapon that helps the company weather the crisis. It’s Six Sigma.
The Korea Times Biz/Finance Section reports:
The steel giant says it is going forth with increased flexibility this year.
Further, it said that the company is aiming to cut costs by 958.4 billion won this year, up from 738.2 billion won last year. In-house programs, such as Quick Six Sigma (QSS), Six-Sigma and work diet, have increased productivity and eliminate waste factors.
POSCO and SAIL Join and Continue Six Sigma
Lee the ‘Steel Man’ Falls From Grace
Filed under: Manufacturing, POSCO, Six Sigma, Six Sigma Organizations
Posted by: meikah | 21 August 2007 | 9:07 pm
The steel industry will never be the same again after this, I’m sure. Two giant steelmakers are joining forces and will continue with Six Sigma for continuous improvement.
According to latest news on Chosun, Pohang Steel Company, or POSCO, and Steel Authority of India Ltd., or SAIL, signed a memorandum of understanding for a strategic partnership.
Both parties will share management techniques including management information, enterprise resource planning (ERP) and Six Sigma practices over the next three years.