 |
|
An employee of POSCO walks next to a sculpture with POSCO's logo at the company's headquarters in Seoul in this October 21, 2011 file photograph. [Photo/Agencies] |
South Korean steelmaker POSCO and China's Chongqing Iron & Steel Co have signed a memorandum of understanding for a $3.3 billion investment, South Korea's trade ministry said on Friday.
The agreement will cover areas including POSCO's self-developed steel making technology called Finex and mining, the ministry said in a statement. It did not offer other specifics.
POSCO said in September that it agreed to set up a steel mill jointly with Chongqing in Southwest China with an annual production capacity of 3 million tonnes.
 |
 |
|
|
Top 10 S. Korean companies operating in China |
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263 Registration Number: 20100000002731 
