Bloomberg News

Posco May Spend as Much as 5.5 Trillion Won in 2012, CEO Says

January 12, 2012

Jan. 12 (Bloomberg) -- Posco, the world’s third-biggest steelmaker, may spend about 5 trillion won ($4.3 billion) to 5.5 trillion won this year, Chief Executive Officer Chung Joon Yang said today.

“I’m not sure yet, but I expect expenditure to be at those levels,” Chung told reporters in Seoul, when asked about the company’s capital expenditure plans. He didn’t elaborate.

--Editor: Indranil Ghosh

To contact the reporter on this story: Sungwoo Park in Seoul at spark47@bloomberg.net

To contact the editors responsible for this story: Richard Dobson at rdobson4@bloomberg.net; Rebecca Keenan at rkeenan5@bloomberg.net;


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