The agreement was signed on October 12th 2017 at a special ceremony at POSCO Center in Korean capital Seoul, attended by Top Tubes MD Adam Bradley, Byeong-ryong Suh, Posco’s Head of Construction Steel Materials Sales Group and Chae-il Lim, Head of Hot Rolling 1, Posco Daewoo, amongst others.
The collaboration between the two companies started in 2012 when Posco began supplying Top Tubes with sample material for tests and verification purposes. Posco had for some time been developing corrosion-resistant materials specifically suited to the wet and salty UK climate.
Following extensive salt spray testing carried out for Top Tubes by Rotech Laboratories, one of the UK’s leading test houses, MAGNAtube® was launched in June of this year.
Adam Bradley said at the signing event, “We have the utmost confidence in PosMAC following a whole host of verification processes. We also expect that MAGNAtube®, the premium pipe using PosMAC, will prove to be a strategic product shaping our future.”
POSCO plans to accelerate access to the European market by continuing with a consistent cooperative relationship – such as providing technical solutions – with Top Tubes, the first purchaser of PosMAC in Europe.