POSCO, a multinational steel-making company headquartered in Pohang, South Korea, signed a memorandum of understanding with Geumgang, a South Korean manufacturer of stainless steel water tanks and water pipes, on co-development and structure analysis of stainless steel water tanks for large-scale water reservoirs.
Photo courtesy of POSCO
The existing large-scale water reservoirs are made of concrete, causing problems such as water leakage due to cracks and an unsanitary water supply environment. To overcome these challenges, the demand for the construction of water reservoirs made of stainless steel is increasing. Currently, however, the construction capacity for stainless steel water reservoirs is limited to 4,000 tons and therefore technological development for the construction of large-scale water reservoirs to accommodate an increased water supply is needed.
POSCO and Geumgang will cooperatively develop large-scale water reservoirs made of corrosion-resistant, high-strength duplex stainless steel. With this agreement, both parties agreed to draw structure analysis and design the plans for 20,000-ton scale water reservoirs, develop roof designs that can withstand earthquakes, wind and snow, and perform a pilot project applying large-volume water tanks. POSCO and Geumgang plan to complete the development of maximum 20,000-ton scale stainless steel water reservoirs by December this year and expand the sales to local governments through the pilot projects. Meanwhile, POSCO expects to secure demands for 10,000 tons of stainless steel per annum with this partnership.
