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Posco Opens New Processing Center in China
07/30/2010 - Posco has completed the construction of Posco-CLPC, the new processing center at the EU Economic Development Zone in Shenyang, China, and started operations the same day. The new facility will process 170,000 tonnes of steel annually.
Posco has completed the construction of Posco-CLPC, the new processing center at the EU Economic Development Zone in Shenyang, China, and started operations the same day. The new facility will process 170,000 tonnes of steel annually.
Posco-CLPC is equipped with a slitter, a shear, a blanking line, and a mini-shear.
The opening ceremony included Posco employees and the company’s Senior Executive Vice President, Shin Jung-suk; Shenyang city officials including its vice mayor; and employees from the steelmaker's partner companies, such as FAW-Volkswagen, FAW-Car, and HAFEI.
''We will do our part to make the three northeastern provinces of China, which include Shenyang, a new hub for the global automotive industry,'' Jung-suk said.
Posco notes that Shenyang plans to grow its auto industry to produce 1 million units of vehicles and have 100 auto part makers by 2012. It aims to post 100 billion yuan ($14.79 billion) in revenue through the sales of the vehicles, according to the steelmaker.
Posco expects the new processing center to help shorten its supply chain in China. Including Posco-CLPC, the company now has 14 processing centers in that country.
