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Slovenia Business Week no. 21: Luka Koper and Korean Partners Establish Logistics Company

Luka Koper, the company managing the only Slovenian port, and three Korean companies have set up a logistics company to distribute iron products to countries of Central and Eastern Europe

Luka Koper, the company managing the only Slovenian port, and three Korean companies have set up a logistics company to distribute iron products to countries of Central and Eastern Europe, Luka Koper said on Tuesday, 29 May.

The newly-established Posco Europe Steel Distribution Center (POS-ESDC) was set up by Luka Koper, which holds a 10% stake, and Korean companies Posco, Daewoo Logistics in Daewoo International. It will build distribution centres in Koper and Sezana.

According to a press release posted on the website of the Ljubljana Stock Exchange, the recent EU entry of Slovakia and the Czech Republic spurred some Korean companies to build new vehicle manufacturing plants in these countries. These plants require the same materials as factories in Korea so they plan to use the Koper centre to distribute the intermediate products.

POS-ESDC rented space in a new multi-purpose warehouse with 10,800 square metres.

Posco is the third largest steelworks in the world. It manufactures 30 million tonnes of steel in Korea and is constructing a new factory in India with a capacity of 10 million tonnes. Daewoo International is one of Korea's largest corporations.

Source: Slovenian Press Agency STA

Author: STA, Slovenian National Press Agency