Hankook Steel Co., Ltd. acquired 50% stake in Hanguk Steel Co., Ltd for KRW 10 billion.
December 08, 2014 at 11:00 pm EST
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Hankook Steel Co., Ltd. (KOSE:A025890) acquired 50% stake in Hanguk Steel Co., Ltd for KRW 10 billion on December 9, 2014. Hankook Steel acquired 0.1 million shares in Hanguk Steel.
Hankook Steel Co., Ltd. (KOSE:A025890) completed the acquisition of 50% stake in Hanguk Steel Co., Ltd on December 9, 2014.
Hankook Steel Co., Ltd. is a Korea-based manufacturer mainly engaged in the provision of cast steels. The Company operates its business through three segments: cast steel segment, building materials segment and scrap iron segment. The cast steel segment provides four categories of products: shipbuilding equipment, including rudder horns, stern bosses, propeller bosses, tillers, half tillers, shoe pieces, stern tubes, rudder upper castings and others; iron and steel making products, including slag pots, ladles and shoe plates; industrial machinery products, including frames, valves and pump castings, as well as cement and construction equipment products. The building materials segment provides bolted plate (BP) joints, composite head reinforcement pipe piles and mechanical joint of iron bars. The scrap iron segment engages in the manufacture and distribution of compressed scarp irons. The Company distributes its products within domestic market and to overseas markets.
HANKOOK STEEL CO., LTD. 
