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POSCO to sell its pulverised slag business

World Cement,

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

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