GE WILL RETROFIT TOSHIBA INDUSTRIAL TURBINES AT POSCO FACILITY

GE's Power Services business ( NYSE : GE ) has signed an agreement to retrofit four Toshiba industrial steam turbines at the POSCO Pohang Works steel manufacturing facility in Pohang, Republic of South Korea . 

The project is expected to extend the operating life of the factory's power plant and nearly double the turbines' ability to generate process steam used for steel production. 

GE gained global capabilities to service non- GE supplied steam turbine equipment through its acquisition of Alstom's thermal services business in November 2015 .