Independent journal on economy and transport policy
01:33 GMT+2
Nippon Steel teams up with Posco
(The Japan Times Online)
August 3, 2000
Nippon Steel Corp. and South Korea's Pohang Iron & Steel Co. (Posco) announced Wednesday that they have signed a contract forming a strategic business alliance.
The world's No. 1 and No. 2 steel producers said their partnership will raise their self-imposed ceiling on mutual cross-shareholding to 3 percent from the 1 percent agreed to in 1998.
The two companies said they will soon set up a joint panel to explore ...... Read more on The Japan Times Online
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