Posco sets up new steel processing plants in India, Thailand

23 April 2009

Posco, South Korea's top steelmaker, has completed the construction of two steel-processing plants in India and Thailand that will cater to the needs of mainly automobile and electronics companies. 

Steel from the plants, with an annual production capacity of 120,000 tonnes, can be used for automobiles and electronic goods, the company said in a release.

Posco already runs steel-processing centers in India and Thailand, where the steel used in the manufacture of finished products.

With the two plants, Posco now has 36 steel processing centers in 12 countries.

Posco is setting up a 12 MTPA integrated steel project in Jagatsinghpur district of Orissa (10 km south of Paradip Port). The project will be completed in three phases of 4 MTPA each.

In Phase I, hot rolled coil (2.5MT) and slab (1.5 MT) will be produced. The construction for Phase I is scheduled to be completed by 2011-12.