23 April 2009
POSCO Expands Indian, Thai Steel Processing Plants

South Korea's POSCO said on Thursday it had expanded annual capacity of its steel processing plants in India and Thailand by 120,000 tonnes each to supply auto and electronics steel in the region.

The move comes after the world's No.4 steelmaker expanded its customer base this year by signing a supply deal with Sony Corp (6758.T) for LCD television manufacturing outside Japan and an auto sheet sales deal with Toyota Motor (7203.T) for production in Japan.

"The two centres will mainly process steel coil for customised use in such products as auto and electronics and also serve as warehouses and distribution points," POSCO said in a statement.

Its Indian plant is in Maharashtra, where several global auto firms are based.

POSCO's Thai plant in the Wellgrow industrial estate will support Japanese automakers and South Korean electronics firms.

(Source: SEAISI Website)

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