[
THE INVESTOR]
POSCO Daewoo has signed a memorandum of understanding with Sichuan Grain and Oil Corp. in Chengdu, China, it announced on Sept. 29.
The Chinese state-owned company deals with 30 tons of grains and edible oil and fats, and through the partnership, the companies will jointly trade grains and increase investment in storage and logistics facilities.
The South Korean trading company is planning to expand the trade volume of grains in China up to 5 million tons in four years.
By Hwang You-mee (
glamazon@heraldcorp.com)
