By Sungwoo Park
Dec. 17 (Bloomberg) — Posco, the world’s second-biggest maker of stainless steel, said it plans to spend $350 million to build a cold-rolled stainless steel plant in Turkey.
The plant, with a capacity of 200,000 metric tons a year, will be built in Izmit by 2013, the Pohang, South Korea-based company said in an e-mailed statement today.
–Editor: Brett Miller
To contact the reporter on this story: Sungwoo Park in Seoul at spark47@bloomberg.net.
To contact the editor responsible for this story: James Poole at jpoole4@bloomberg.net
via Posco to Build $350 Million Stainless-Steel Plant in Turkey – BusinessWeek.
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