SOURCE: Industrial Info Resources

Industrial Info Resources

December 06, 2010 05:20 ET

POSCO to Invest $1.4 Billion in Development, Construction and Operation of Hot-Rolled Steel Coil Production, an Industrial Info News Alert

BANGALORE, INDIA--(Marketwire - December 6, 2010) -  Researched by Industrial Info Resources (Sugar Land, Texas) -- South Korean integrated steel producer POSCO (NYSE:PKX) (Pohang, South Korea) has announced details of the company's investment plans in its home country. The company is set to invest approximately $1.4 billion to increase production at its Gwangyang steelworks through the development, construction and operation of a new hot-rolled steel coil production line, the Gwangyang No. 4 hot rolling mill.

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