Posco M-Tech (KOSDAQ:009520) secured a Pohang and Gwangyang steelworks product packaging outsourcing contract from Posco (KRX:005490), according to a Monday filing with the Korea Exchange.
The contract, valued at 180.7 billion won, represents 52.1% of the firm's total sales in 2024, the filing said.
Shares of Posco M-Tech rose nearly 1% in recent trade, while those of Posco fell 1%.
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