POSCO Coated & Color Steel Co., Ltd. has entered into a joint venture (JV) agreement with Myanmar Economic Holdings Limited (MEHL) to construct a colored steel sheet plant at an industrial complex in Yangon, Myanmar with an annual capacity of 50,000 tons of steel sheet. The JV is named as Myanmar-Posco C&C. POSCO will own a 70% stake and MEHL will own the remaining 30% stake in the JV.