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21 Mar
13:25

Posco establishes equipment maintenance subsidiary

South Korean steel producer Posco plans to set up a subsidiary specialising in mechanical and electrical maintenance in Pohang and Gwangyang to strengthen its competitiveness in the steel industry, Kallanish notes. Equipment at the steelmaker's Pohang Steel Works was damaged by flooding in September last year, forcing the plant to shut down or maintain partial capacity for the next 3-4 months. This highlighted the importance and urgency of equipment management…
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