1/7/2011

POSCO signs contract for Kocaeli plant

Hürriyet Daily News - South Korea’s Pohang Iron and Steel Company (POSCO) signed a deal with Turkey’s Kibar Holding and another South Korean company Daewoo to implement a USD 350 million stainless steel cold rolling mill project in Kocaeli.

POSCO previously announced its investment decision last October in a joint press conference held with the Prime Ministry Investment Support and Promotion Agency of Turkey (ISPAT).

The plant will have an annual output of 200,000 metric tons, which could be increased upon requirement. The project will be completed in 2013.
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turkey; posco; ispat; tydta; steel industry; steel investment; kocaeli; south korea