A Memorandum of Understanding (MOU) was signed on November 7 between POSCO and Steel Authority of India ltd. (SAIl) on technical collaboration for operational improvements and Human Resource Development.
The MOU was signed by Dr. In-Hwa Chang, Chief Technical Officer, POSCO and Raman, Director (Technical), SAIl at POSCO Centre, Seoul. The signing ceremony was conducted in presence of Dr. Oh-Joon Kwon, Chairman cum CEO, POSCO and P.K Singh, Chairman SAIl.
Speaking on the occasion Chairman, SAIl said, “Today’s MOU signing is an important milestone in SAIl-POSCO’s long standing relationship and in future the companies would be collaborating in many more areas. It would be SAIl’s endeavour to work together with POSCO for the mutual benefit of both the companies.” Kwon expressed happiness at the collaboration with SAIl and said he hopes both companies will work together to make it a success.