29 November 2012

System order from POSCO E&C for POSCO Assan TST, Korea

Scanacon Asia Ltd. is delighted to inform that we recently received a system order from POSCO E&C for POSCO Assan TST, located in Izmit, Turkey. 

 

The customer is a joint-venture between local company Kibar Holding and South Korea’s POSCO, the world’s second largest stainless steel producer. Scanacon will supply a system consisting of SAR ModuFlex and ASRA for the 200,000 ton/year CAPL that is planned to start production in April 2013. Our contract also includes spare parts and commissioning and an SA70 will be purchased later this year.

 

This is our eighth acid recovery system for the POSCO Group following earlier sales to their Korean plant and their Chinese joint ventures. The Izmit plant is foreseen to produce 600,000 tons of cold rolled stainless steel strips within 5 years after the installation of an additional CAPL and a HAPL. Winning this order was extra important since it is designed to use a newly developed nitric free acid solution that is thought to be a future world-standard.

 

POSCO’s main reasons for buying our system are acid saving and production control.

 

The delivery will take place in August and the system will be up-and-running by April 2013 if the AP line is ready.

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