On 15th April, POSCO announced the completion of an auto steel plate plant in Guangdong, China, which will generate a great boost to the leading steelmaker’s portfolio. An opening ceremony was held to celebrate the construction of CGL (Continuous Galvanizing Line) joined by CEO Chung Joon-yang, the consul general of Guangzhou Chang-soo Yang and about 300 local client guests.
Before the construction of CGL in Guangdong, POSCO had manufactured auto steel plates in the Gwangyang Steelworks in Korea and supplied the products to POSCO China and 11 other manufacture centers to complete and sell them across the nation. Now, POSCO is capable of offering ever more optimized customer services with the advanced production line to meet local clients’ needs in a timely manner. Furthermore, we anticipate POSCO to hold a firmer stance as a global steel manufacturer by acquiring an overseas production base in China, a highly booming nation with large scale automotive industries.
CEO Chung said “POSCO’s CGL in Guangdong will play a vital role for promoting the province’s status as a core global production base for motor industry and related fields. It will be assisted with high-end auto steel plates and household steel plates produced in the new production line.”
After the ceremony, the CEO met with Hu Chunhua, Secretary of a Guangdong provincial Party Committee who also congratulated the completion of CGL and praised the contribution made by POSCO. CEO Chung agreed with the secretary’s appraisal and illustrated his beliefs in the mutual development of Guangdong and POSCO as he felt confident in the partnership between the two.
POSCO will continue with the achievement by planning to manufacture 450,000 tons of galvanized steel sheets annually from the new manufacturing base, working with POSCO-CFPC in Guangdong, POSCO-CSPC in Jiangsu as well as 11 other manufacture centers in China. The products will be supplied to Toyota, Honda, Nissan, GM, Volkswagen, Hyundai, KIA and local car manufacturers.