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Pohang Steel Corporation (POSCO)
of Korea is set to enter the Indian
transformer market through its
affiliate POSCO-CORE India, which is
ready with its new production line for
grain-oriented (GO) lamination sheets.
POSCO-CORE India is a joint venture
between POSCO-TMC (74 per cent
equity) and POSCO-IPPC (India Pune
Processing Center) (36 per cent) and is
situated at Pune Industrial Complex, in
the state of Maharashtra, India.
The joint venture's production facility
has El Core Press and two lamination
transformers all operating at full
capacity. Currently, POSCO-CORE India
has the potential to produce 6,000
tonnes of El Core and 10,000 tonnes of
lamination annually.
Apart from this project, POSCO is
taking initiatives to increase its GOprocessing
centers in the country,
including POSCO-IPPC 3 plant in
Hyderabad and POSCO-Poggen Amp
joint venture in Ahmedabad.
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