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POSCO and Lotte E&C Sign MOU on Applying INNOVILT Produ

Steel News - Published on Fri, 14 Aug 2020

Image Source: POSCO Lotte E&C INNOVILT
POSCO has joined hands with Korea’s major construction company Lotte E&C (to expand the use of eco-friendly construction materials with INNOVILT, POSCO’s premium construction material brand. On July 27, POSCO signed an MOU with Lotte E&C on building a model complex utilizing eco-friendly construction material ‘INNOVILT’ and steel modular business cooperation. The MOU is significant in the construction industry, with the two companies working together to solve the environmental problems caused at construction sites.

Under this agreement, POSCO and Lotte E&C will build a model complex using eco-friendly construction materials. For example, PosART (inkjet printed steel plate) will be applied to the Lotte Tower in Seocho-gu, Seoul. PosART embodies the texture and looks of various materials, like marble, wood, and fabric, and provides an excellent substitute for natural marble and wood. Recyclable steel walls are also eco-friendly since they can replace conventional plasterboards.

POSCO is to strengthen modular business cooperation by offering Lotte E&C its Steel Modular technique, a next-generation eco-friendly construction method. Unlike conventional wet construction methods using concrete, steel modular applies a dry construction method with steel products as the main structural material. Steel modular not only shortens the overall construction period by more than a year, but it’s also recyclable, thus, minimizing construction waste. POSCO’s INNOVILT products, such as steel curtain walls and deck plates will be used in constructing the steel modular building.

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Posted By : Yogender Pancholi on Fri, 14 Aug 2020
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