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Korea’s Exim Bank to Offer $1.3 Billion Financing to POSCO’s Brazil Steel Mill

Korea’s Exim Bank to Offer $1.3 Billion Financing to POSCO’s Brazil Steel Mill

SEOUL, Dec. 4 (Korea Bizwire) – The Export-Import Bank of Korea (Korea Eximbank) plans to provide US$1.3 billion worth of financing to an integrated steel mill which Korea’s POSCO E&C is building in Brazil. Korea Eximbank announced on December 3 that it would make a US$1.3 billion investment in the plant, including a US$910 million loan [...]

POSCO E&C Clinches $1.1 Bil. Power Plant Deal in Nigeria

POSCO E&C Clinches $1.1 Bil. Power Plant Deal in Nigeria

SEOUL, Sep. 17 (Korea Bizwire) – Korea’s construction contractors are moving in Africa in droves. Following the groundbreaking ceremony to build a US$160-million bridge linking Botswana with Zambia won by Daewoo Engineering & Construction, POSCO Engineering & Construction landed a deal to build a gas-fired thermal power plant in Nigeria worth $1.14 billion. POSCO E&C said on September [...]