On December 15, POSCO China held its 2016 “Innovation POSCO Festival China” to highlight its ongoing work to promote innovation and collaboration with its Chinese subsidiaries. With over 90 employees from POSCO headquarters and local subsidiaries, attendees discussed ways to promote POSCO’s unique innovation model “POSTIM” while improving business performance through collaborative innovation with headquarters in 2017.
“I hope that innovation will continue to develop through improved sharing and communication, enhancing our business performance and the cooperation of POSCO China subsidiaries,” said Yong-sam Song, head of the Management Strategy Division at POSCO China.
During the presentations, HR Innovation Office Project Support Group leader Suk-mo Jeong discussed the results of PSS+ (POSCO Six Sigma Plus), QSS+ (Quality Stability Safety Plus), SWP (Smart Work Place), and the direction of future innovation with POSTIM in 2017. In addition, several POSCO China subsidiaries contributed with presentations on gaining a competitive edge with optimal equipment (Zhangjiagang Pohang Stainless Steel Co., Ltd.), standardizing factory management (POSCO-CSPC), maintaining safety in the workplace (POSCO-CFPC), and creating a standard model for factory construction (POSCO-CCPC).
Four subsidiaries (ZPSS, CSPC, CFPC, and CCPC) were awarded by POSCO China president Sung-hee Han for their excellent performance with POSCO-CORE receiving recognition for its breakout performance in 2016.
In his closing comments, Han said, “I want to ask POSCO China’s Innovation Hub to provide customized support unique to each subsidiary’s circumstances and characteristics. And I want us to make our best effort to identify and resolve all waste factors at the workplace.”
Using the “Innovation POSCO Festival China” to help boost performance, POSCO China plans to strengthen their own innovation & collaborative efforts in order to succeed despite the unfavorable business conditions expected in 2017.