Mining equipment for sale and heavy construction equipment for sale will face higher demand in Thailand as POSCO is in talks to increase stake in Thainox. Korea Times reported that POSCO is in talks with Thailand's largest stainless steel producer Thainox to take over a controlling stake as part of efforts to beef up its global business. Sources close to the matter told The Korea Times that POSCO has dispatched its merger and acquisition team to Thailand in late September for the negotiations, adding both sides are close to completing the deal as well as acquisition of used mining and construction equipment.
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