POSCO to sell its pulverised slag business
Korea’s POSCO has announced that it will sell Posfine as part of its strategy to enhance its financial structure by restructuring non-core businesses. Posfine pulverizes slag, which it then sells to cement manufacturers. It was established in 2009 as a joint venture with Dongyang Cement, Ssangyong Cement and Lafarge Halla Cement, and operates a 2 million tpa slag powder plant in Taein-dong, Gwangyang-city.
In addition to Posfine, POSCO also plans to sell its South American forestation company, POSCO Uruguay. The group will turn its Gwangyang LNG Terminal into a separate corporation, selling some of its shares but retaining management rights.
Adapted from press release by Louise Fordham
Read the article online at: https://www.worldcement.com/asia-pacific-rim/29072014/posco-to-sell-slag-business-posfine-196/
You might also like
The World Cement Podcast - CleanTech & Venture Capital
Our guest for this episode of the World Cement Podcast is Alfredo Carrato, Venture Capital Advisor for CEMEX Ventures. Listen in to the conversation as World Cement's Senior Editor, David Bizley, and Alfredo discuss the role of venture capital and cleantech in enabling the cement industry's green transition.
Tune in to the World Cement Podcast on your favourite podcast app today.