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POSCO India to Build Cold-Rolled Steel Sheet Production Plant in Maharashtra

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Nov 18 2010

Researched by Industrial Info Resources (Sugar Land, Texas) -- POSCO (NYSE:PKX) (Pohang, South Korea), the world's third-largest steel producer, will build a 1.8 million-ton-per-year, cold-rolled sheet production facility in Maharashtra.

The products from this plant will be supplied to Indian white goods and automobile manufacturers. The proposal for this project has been submitted to the company's board for approval. Decision on the project is expected next month. POSCO is likely to invest $500 million in the facility. However, the company has not confirmed these investment details.

Source: http://www.industrialinfo.com

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