A POSCO senior executive arrived in Vietnam in March 15 for a three-day visit to survey a possible expansion in the group' stainless steel division in the country.
Oh Chang-Kwan, senior executive deputy president of the Republic of Korea-based POSCO group's stainless steel division, has visited the country because the group is considering expanding production capacity of its stainless steel cold rolling plant operated by its subsidiary POSCO Vietnam Stainless Steel (POSCO VST), to 300,000 tonnes per year.
The visit comes as negotiations for acquiring extra shares of Thailand-based stainless cold rolling mill, Thainox, have been delayed. POSCO has a 15 percent share in the mill.
Located in the southern province of Dong Nai 's Nhon Trach Industrial Park , POSCO VST, the only stainless steel cold rolling plant in Vietnam , can produce of 85,000 tonnes of stainless steel cold rolled products per year.
POSCO VST was established in October 2009 after the RoK group took over 90 percent shares of the former Asia Stainless Steel Co.
The expansion of POSCO VST is part of a plan to expand the group's stainless steel market share in Southeast Asia that aims to help POSCO match consumption growth in the region, said POSCO./.
Oh Chang-Kwan, senior executive deputy president of the Republic of Korea-based POSCO group's stainless steel division, has visited the country because the group is considering expanding production capacity of its stainless steel cold rolling plant operated by its subsidiary POSCO Vietnam Stainless Steel (POSCO VST), to 300,000 tonnes per year.
The visit comes as negotiations for acquiring extra shares of Thailand-based stainless cold rolling mill, Thainox, have been delayed. POSCO has a 15 percent share in the mill.
Located in the southern province of Dong Nai 's Nhon Trach Industrial Park , POSCO VST, the only stainless steel cold rolling plant in Vietnam , can produce of 85,000 tonnes of stainless steel cold rolled products per year.
POSCO VST was established in October 2009 after the RoK group took over 90 percent shares of the former Asia Stainless Steel Co.
The expansion of POSCO VST is part of a plan to expand the group's stainless steel market share in Southeast Asia that aims to help POSCO match consumption growth in the region, said POSCO./.
