POSCO Signs PosMAC Supply Agreement with An English Tube Manufacturer
On October 12 at the POSCO Center, POSCO signed a PosMAC supply agreement for pipes with Top Tubes, the English pipe manufacturer specializing in cold-rolling and plating.
The agreement ceremony was attended by 10 interested parties, including Adam Bradley, CEO of Top Tubes, Byeong-ryong Suh, Head of Construction Steel Materials Sales Group, Chae-il Lim, Head of Hot-Rolling 1 of POSCO Daewoo, and they discussed terms and conditions of business and cooperative plans and they will work together to seek PosMAC pipe markets in England in the future.
Top Tubes is an England-based company established in 1994. POSCO supplied PosMAC testing production goods to Top Tubes in 2012, and in 2013, achieved sales of PosMAC for the first time in Europe. In 2016, as the awareness of zinc-magnesium plating options was improving, Adam Bradley, CEO of Top Tubes visited Korea and discussed an extended application plan for PosMAC. POSCO has been making great efforts on expanding PosMAC sales by providing technical solutions: developing corrosion-resistant materials suited for the wet and salty climate conditions of England, and manufacturing optimal welding wires while securing corrosion resistance of pipe seam welding.
As a result, Top Tubes launched 'MAGNAtube', a premium pipe brand using PosMAC in June of this year. This is the first case where the overseas client established a secondary brand derived from using PosMAC. Top Tubes plans to expand its sales to promote PosMAC used as materials along with MAGNAtube to consumers so as to secure reliability of the product, and to use the PosMAC brand, the construction steel materials of next generation, which is excellent in corrosion resistance compared to plated steel and is less expensive than stainless steel.
source: Posco
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Resolute Mining says it will pay Mali $160 million in tax dispute
Gold loses some luster after Trump’s decisive win
BHP to spend up to $14 billion on Chilean copper expansion
Trump chooses oil fracking boss as energy secretary
Newmont sells Ontario gold mine to Orla for $850 million
South Africa police standoff with illegal gold miners escalates
BHP warns Australian mining not ready for low-cost competitors
Filo expands copper-gold Aurora zone in Argentina amid sale
Mining’s old guard needs strong medicine
Adani’s Australian coal unit faces human rights complaint
Hedge funds slash bullish wagers on gold before war jitters
Gold price set for biggest weekly jump in 20 months on haven demand
Marimaca Copper eyes ASX dual listing to boost Chile project
Osisko Development surges on permitting milestone for Cariboo gold project
Earth AI, Legacy Minerals make first greenfield palladium discovery using artificial intelligence
Mexico’s proposed higher mining royalties could block nearly $7bn in investments
Sierra Leone woos miners to clean energy with $11 billion plan
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Filo expands copper-gold Aurora zone in Argentina amid sale
Mining’s old guard needs strong medicine
Adani’s Australian coal unit faces human rights complaint
Gold price set for biggest weekly jump in 20 months on haven demand
Marimaca Copper eyes ASX dual listing to boost Chile project
Osisko Development surges on permitting milestone for Cariboo gold project
Earth AI, Legacy Minerals make first greenfield palladium discovery using artificial intelligence