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Posco Celebrates Completion of Automotive Processing Center in China
06/29/2009 - Posco completes construction of its Posco China Wuhu Automotive Processing Center, which is capable of producing 180,000 tonnes of steel a year.
Posco recently celebrated the completion of its Posco China Wuhu Automotive Processing Center (Posco-CWPC), which is capable of producing 180,000 tonnes of steel a year, in Wuhu, China.
The Wuhu processing center, Posco’s 39th overseas steel processing center, follows the 2nd plant at Posco-MKPC in Malaysia, which was completed on June 17.
“Posco has been continuously building tight relations with Chinese steelmakers and its client companies since the company opened its first office in Beijing in 1991 and established the local subsidiary Posco-China in 2003,” said Posco Chief Marketing Officer Oh Chang-kwan.
“Providing Posco’s processing services, which have been developed through global SCM know-how, the company will exert every effort to promote the competitiveness of its client companies and to improve the prosperity of the local communities,” he said.
“Posco has been continuously building tight relations with Chinese steelmakers and its client companies since the company opened its first office in Beijing in 1991 and established the local subsidiary Posco-China in 2003,” said Posco Chief Marketing Officer Oh Chang-kwan.
“Providing Posco’s processing services, which have been developed through global SCM know-how, the company will exert every effort to promote the competitiveness of its client companies and to improve the prosperity of the local communities,” he said.
Posco-CWPC will process automobile sheets for automakers such as China’s largest carmaker, Cherry Automobile, located in Anhui, and those in Hubei, including DPCA and Mugen Honda. Posco-CWPC will import automobile sheets from Gwangyang Works, and it is expected that it will help the company to increase its exports of automobile sheet to more than 100,000 tonnes a year after 2010.
In addition to Chief Marketing Officer Oh Chang-kwan, the completion ceremony was also attended by Cherry Automobile Chairman Yin Tong Yao as well as Posco-China Vice President Kwon Suk-chul, as well as Posco-CWPC President Choi Dong-deok, Wuhu Mayor Chen Shu Long, and Wuhu Vice Mayor Yang Jing Nong.
Posco-CWPC is expected to be a steppingstone for Posco to increase its share of the Chinese automobile steel market, which has been quickly growing on the back of the government’s recent stimulus packages. China’s combined car production reached 9.36 million units last year, the third-largest number after the United States and Japan. This year, the number is expected to go up to 10 million, and it will increase to 13.45 million in 2012.
Posco completed construction of new processing centers in China, India, Thailand, and Japan this year, helping to secure a stable demand for steel and selling strategic products overseas.
In addition to Chief Marketing Officer Oh Chang-kwan, the completion ceremony was also attended by Cherry Automobile Chairman Yin Tong Yao as well as Posco-China Vice President Kwon Suk-chul, as well as Posco-CWPC President Choi Dong-deok, Wuhu Mayor Chen Shu Long, and Wuhu Vice Mayor Yang Jing Nong.
Posco-CWPC is expected to be a steppingstone for Posco to increase its share of the Chinese automobile steel market, which has been quickly growing on the back of the government’s recent stimulus packages. China’s combined car production reached 9.36 million units last year, the third-largest number after the United States and Japan. This year, the number is expected to go up to 10 million, and it will increase to 13.45 million in 2012.
Posco completed construction of new processing centers in China, India, Thailand, and Japan this year, helping to secure a stable demand for steel and selling strategic products overseas.
