Siemens VAI Metals Technologies received orders for the replacement of an existing caster with a new high-speed 2-strand slab caster as well as for the supply of a new twin-station RH degassing plant at Posco's Steel Making Plant No. 1 site in Gwangyang, Korea. The project scope includes engineering and the supply of key components, equipment, systems and technological packages. The project will be implemented in consortium with Posco E&C (Posco Engineering & Construction Co., Ltd.). The combined contract value for Siemens is a two-digit million euro figure. The start-up of both plants is scheduled for mid-2009.
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