POSCO Orders Kawasaki Steam Turbine Generator

Tokyo, June 29, 2009 — Kawasaki Heavy Industries, Ltd. announced today that it has received an order for a steam turbine generator from Korean steel manufacturer, POSCO. The steam turbine generator will be installed in a coke dry quencher (CDQ*). The CDQ quenches red-hot coke, dried by distillation in a coke oven, with inert gas and recovers sensible heat using a boiler to generate steam for power generation. The steam turbine generator will be delivered to POSCO’s Gwangyang Steel Works in 2010.

Kawasaki launched its first industrial steam turbine in 1956. Since then it has established a track record that includes the delivery of about 340 steam turbine units, including a past delivery of CDQ steam turbines to POSCO. This latest order from POSCO is a testament to the superior performance and lifecycle cost of Kawasaki steam turbines as well as its outstanding reliability and proven track record.

*A CDQ quenches red-hot coke (dried by distillation in a coke oven) with inert gases circulating in a quenching chamber. The CDQ quenching process occurs in a completely air-tight environment. The thermal energy, which would otherwise dissipate into the ambient environment as vapor with conventional wet quenching methods, can be recovered by the CDQ and used to generate electric power.