Titanium Slab joint venture agreement - Posco

Posco signed an agreement to establish a joint venture to produce titanium slabs with Kazakhstan`s titanium sponge manufacturer UKTMP on January 21st at the Posco Center. According to the agreement, Posco and UKTMP will each invest 50% to establish an industrial pure titanium slab plant in the Eastern Kazakhstan region of Ust-Kamenogorsk, with construction starting in the latter half of this year for completion in 2012. Titanium sponge, the material needed to manufacture titanium slabs, will be supplied by UKTMP, while POSCO will use the slabs manufactured at the plant to produce sheets to be provided to client companies.

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