Monday, February 1, 2010

POSCO Signs Kazakhstan Titanium Sponge JV

POSCO has signed a joint venture agreement with Kazakhstan titanium sponge manufacturer UKTMP to produce titanium slabs.

According to the agreement, POSCO and UKTMP will each invest 50% to establish an industrial pure titanium slab plant in the Eastern Kazakhstan region of Ust-Kamenogorsk. Construction will start in the latter half of this year with completion in 2012.

Titanium sponge, the material needed to manufacture titanium slabs, will be supplied by UKTMP, while POSCO will use the slabs manufactured at the plant to produce sheets to sell on to clients.

No comments: