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Hyundai Steel to invest 844.2 bln won in new plant

Hyundai Steel to invest 844.2 bln won in new plant

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Published : 2013-12-31 15:48
Updated : 2013-12-31 15:48

   Hyundai Steel Co., South Korea's No.2 steelmaker, said Tuesday it will invest 844.2 billion won (US$804.8 million) in building a new plant in the western coastal area of the country.

   The plant, to produce next-generation special steel, will be completed by October 2015, the company said.

   Hyundai Steel, a unit of Hyundai Motor Group, will build the new plant in Dangjin, about 123 kilometers southwest of Seoul. (Yonhap News)

  

 

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