POSCO to invest KRW 480 billion in new 8CGL, expanding production capacity to 4.95 million tonnes - CHOSUNBIZ

POSCO will build a new automotive galvanized steel sheet plant at its Gwangyang Steelworks in Jeonnam, investing KRW 480 billion and expanding annual production capacity from 450,000 tonnes to 4.95 million tonnes.

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The story

POSCO announced on the 8th that it is proceeding with plans to build a new automotive galvanized steel sheet plant.

Under the plan, annual production capacity is expected to expand from approximately 450,000 tonnes to approximately 4.95 million tonnes.

The total investment is expected to amount to KRW 480 billion, and the plant will be located within the Gwangyang Steelworks in Jeonnam.

At a glance

InvestmentInvestment of KRW 480 billion to build a new 8CGL (planned)

CurrentCurrent capacity for automotive galvanized steel sheet is approximately 450,000 tonnes

New capacityAnnual capacity to expand to 4.95 million tonnes with the new facility

LocationPOSCO's Gwangyang Steelworks in Jeonnam

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