POSVINA, an 18-year-old joint venture of South Korean steelmaker POSCO and Vietnam Steel Corporation saw large growth in its annual sales in 2009, selling more than 44,000 mt of steel products.
According to a press release by POSCO, the growth represents a 24 percent increase over 2008 and 89.3 percent over 2007. POSVINA is specialized in the production of galvanized iron products.