Hyundai Steel to up investment in facilities-paper

Newswire

SEOUL, March 24 (Reuters) - Hyundai Steel Co. , South Korea's second-largest steel maker, plans to increase investment for its facility expansion by 600 billion won ($600.7 million) this year, a local newspaper said on Monday. The Maeil Business Newspaper quoted a Hyundai Motor Group senior official saying the company's affiliate is to invest a total 2.6 trillion won in 2008 as part of its plan to build three furnaces by 2015 in its Tangjin factory, located south of Seoul. The unit of ...

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