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POSCO Engineering & Construction Co., a construction arm of South Korea’s largest steelmaker POSCO, said Tuesday it has signed a $400 million deal to build a steel processing facility in Vietnam.
Under the contract with Formosa Ha Tinh Steel Corp., an affiliate of Vietnam’s Formosa Group, POSCO E&C will build a raw material handling facility in a steel complex, located in northern Ha Tinh Province, with an annual production capacity of 7 million tons of steel, said the company.
Imported materials of iron ore, coke coal and other materials will be unloaded, hauled and cracked through the facility, according to POSCO E&C.
The company said construction will be started in February and completed by January 2015. (Yonhap News)
Under the contract with Formosa Ha Tinh Steel Corp., an affiliate of Vietnam’s Formosa Group, POSCO E&C will build a raw material handling facility in a steel complex, located in northern Ha Tinh Province, with an annual production capacity of 7 million tons of steel, said the company.
Imported materials of iron ore, coke coal and other materials will be unloaded, hauled and cracked through the facility, according to POSCO E&C.
The company said construction will be started in February and completed by January 2015. (Yonhap News)
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Articles by Korea Herald
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