Metals News
Chongqing I/S and POSCO Strike 6.2 Bln Yuan JV on Galvanizing and Cold-Rolling
company news
Aug 12,2015

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%.

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