Chongqing I/S and POSCO Strike 6.2 Bln Yuan JV on Galvanizing and Cold-Rolling

SHANGHAI, Aug. 12 (SMM) - Chongqing I/S and POSCO entered an agreement of a joint venture of cold-rolling and galvanizing worth 6.2 billion yuan recently, CHW.NET reports.

Chongqing I/S will be the controlling shareholder of the cold-rolling JV, and POSCO will hold a 10-25% stake. As to the galvanizing JV, POSCO will invest 51% to be the controlling shareholder, and Chongqing I/S will invest 49%.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.