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Posco Assan receives US$209 Million loan for Turkish plant

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Reportedly, Posco Assan, a joint venture between South Korean Posco and Turkish Kibar Holding AS, has loaned US$209.3 million for its US$350 million stainless steel plant investment in Kocaeli province in Turkey.

Posco Assan signed the loan agreement with ING Groep NV, HSBC Holdings Plc, Korea Development Bank and SMBC.
News Date 09 May 2012 14:45:05 reported by Kate Hsieh

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