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POSCO Daewoo signed a $60 million (KRW 65 billion) contract with Century Paper & Board Mills Ltd. (CPBM) to supply paper plant equipment, including a 195m paper machine and processing equipment, for a 130,000 ton/year plant in Lahore, Pakistan.
Hyundai Electric & Energy System and POSCO DAEWOO have signed a deal to supply 23 high-pressure transformers to National Grid plc in Britain for three years ending 2020, valued at 50 billion won ($44 million).