POSCO and SAIL sign MoU on technical collaboration

14 November 2016

POSCO and Steel Authority of India have signed a Memorandum of Understanding (MoU) on technical collaboration for operational improvements and human resource development.

Dr Oh-JoonKwon, Chairman cum CEO, POSCO and P K Singh, Chairman SAIL were present at the signing ceremony on Monday.

PK Singh said that, “MOU signing is an important milestone in SAIL-POSCO’s long standing relationship and in future the cpmpanies would be collaborating in many more areas. It would be SAIL’s endeavour to work together with POSCO for the mutual benefit of both the companies.”

Dr Kwon said he hopes both companies will work together to make it a success. The MOU was signed by Dr. In-Hwa Chang, Chief Technical Officer, POSCO and Mr Raman, Director (Technical), SAIL at POSCO Centre, Seoul. R K Rathi, CEO of ISP Burnpur, SAIL was also present at the event.

Incidentally, SAIL and Posco have been in discussions to set up a Finex-based integrated steel plant collaboration in R&D and energy efficient, environment friendly green technologies and waste utilization etc.

Source – ET