POSCO, the world’s fourth largest steelmaker, is seeking an additional boost for its projects in Ukraine in the form of government backing.
POSCO chief executive Chung Joon-yang met with Ukrainian President Vickor Yanukovytch and Prime Minister Mykola Aza rov in Kiev on Wednesday and Thursday, respectively, to discuss its ongoing projects in the country. Chung discussed issues concerning the collaborative projects with Ukrainian steel company Metinvest Holding and Smart Holding at the meetings, the company said.
He also requested the Ukrainian government’s support for POSCO subsidiaries to take part in infrastructure projects including port and road construction in the future.
In response, the Ukrainian leaders promised full support if the steelmaker proposed detailed plans for such projects, the company said.
According to the company, Chung also said that POSCO can help Ukraine in updating technologies and equipment related to steelmaking, and expressed the interests of POSCO and its subsidiaries in participating in a wide range of projects including alternative energy and smart grid programs.
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