POSCO plant will supply Hyundai, Kia in China.

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  • Additional Information
    • Subject Terms:
      SHANGHAI (China); CHINA
    • Subject Terms:
      POSCO (Company) PKX
    • Abstract:
      POSCO, South Korea's biggest steel maker and the No. 2 producer in the world, announced on September 26, 2003 that it has started construction on a steel plant near Shanghai, China that will supply some 200,000 tons of cold-rolled automotive sheet steel a year to Hyundai Motor Co. and Kia Motors in China. The 20 million dollar plant is part of the Korean steel giant's five-year, 8 billion dollar expansion program aimed at increasing its capacity for automotive sheet.