The Korean steel giant Posco planned to establish two new continuous galvanizing lines in Thailand and Indonesia in order to expand its autosheet market share in the two countries. According to the official of Posco, the company planned to pour US$300 million for each project and to equip each plant with an annual production of 400,000 tons for autosheets. Meanwhile, the construction for the two plants is due to start in early 2014 and to be completed by the end of 2015.
Source:
http://www.yieh.com/2.2.01.01stainlesssteelnews.aspx?no=63631&division=A9
