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March 16, 1992 | GEORGE WHITE, TIMES STAFF WRITER
When Posco, a South Korean steel giant, agreed in 1986 to help U.S. Steel modernize its Pittsburg, Calif., plant, the joint venture saved the plant's 1,200 jobs. Together, Posco and U.S. Steel--now known as USX--invested about $450 million to turn an aging, outmoded plant into one of the nation's most advanced and competitive steel mills. In doing so, they forged a partnership that stands as an industry symbol of international cooperation.
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BUSINESS
March 16, 1992 | GEORGE WHITE, TIMES STAFF WRITER
When Posco, a South Korean steel giant, agreed in 1986 to help U.S. Steel modernize its Pittsburg, Calif., plant, the joint venture saved the plant's 1,200 jobs. Together, Posco and U.S. Steel--now known as USX--invested about $450 million to turn an aging, outmoded plant into one of the nation's most advanced and competitive steel mills. In doing so, they forged a partnership that stands as an industry symbol of international cooperation.
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