Posco to invest $15m in TSML

Dr Hilal Hussain Al-Tuwairqi said that the agreement would not only further strengthen the bond among the companies but also the countries these organizations are representing. - File photo

KARACHI: Posco will invest $15 million equity in Tuwairqi Steel Mills Limited (TSML) under a joint venture accord signed on Sunday at the Sindh Chief Minister’s House for the mills project.

The agreement was signed by Dr Hilal Hussain Al-Tuwairqi, chairman, Al-Tuwairqi Holding, and Joon-Yang Chung, chairman and CEO of Posco.