SOURCE: Industrial Info Resources

Industrial Info Resources

November 17, 2010 05:20 ET

POSCO India to Construct 1.8 Million-Ton, Cold-Rolled Steel Manufacturing Facility in Maharashtra, an Industrial Info News Alert

BANGALORE, INDIA--(Marketwire - November 17, 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.

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