Posco to set up 14 million dollars unit in Pune

摘要

South Korean steel major Posco will process and sell 1.3 lakh tonne of electrical steel from its upcoming Posco-In-dia Processing Centre (POS-IPC) in Pune. Earlier this year, the steel maker had tied up with consumer electronics major LG in a 65:35 joint venture for the centre. A senior official at Posco's Indian office stated that the 14 million dollars centre will come up by Noyember, this year. "Almost 25 per cent of the output will be sourced to LG and the rest will be sold in the local and international markets," the official said.