/24-7PressRelease/ - LINKOPING, SWEDEN, July 15, 2007 - Shapeline is happy to announce a break-through deal with the leading Korean steel manufacturer Posco. The first delivery is of a Shapeline Flex system for the Silicon steel strip mill at the Pohang Works, Korea, where it will be used for assurance of finished product.
The system to be delivered is a Double Line system, designed to measure flatness in an environment where vibrations of the steel strip can be present. This is the first such application in Korea.
Shapeline CEO, Pär Kierkegaard, PhD, says: "It is great honor for us to be selected by Posco. We have very much the same view on what the requirements are on a high quality producer in the future, and that the Shapeline system is the right tool needed to meet them."
Mr Y.W. Kwak, Team Leader Electrical & Instrument at Posco says: "Shapeline is the right partner for us. The company is competent and flexible and their product delivers the best performance in a cost efficient way." He continues: "Using the systems of Shapeline, Posco will continue being on the forefront in producing high quality steel."
About Posco
POSCO, founded in 1968, is Korea's largest integrated steelmaker. Headquartered in the southeastern port city of Pohang, South Korea, POSCO produced 30 million tons of crude steel products, and reported record sales of US$21.56 billion and net income of US$3.45 billion in 2006. As one of the world's leading steel producers, POSCO manufactures and sells a line of steel products, including hot rolled and cold rolled products, plates, wire rods, flat rolled magnetic steel sheets and strips, electrical steel sheets and stainless steel products. POSCO is also rated A3/Moody's and A-/S&P, the highest credit ratings assigned to the world's integrated steelmakers. http://www.posco.com.
About Shapeline
Shapeline AB is a privately owned company based in the city of Linköping in Sweden. The Shapeline solution for measuring the flatness of metallic products (plates or strip) is technical frontline. Not only will the Steel producers that use the Shapeline system be able to verify and document the flatness of the products delivered - by measuring flatness in different phases of the production costs are saved too. Shapeline is rated A3 by D&B Network. For more information please contact Pär Kierkegaard, pk@shapeline.com or visit our homepage at http://www.shapeline.com.
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