The Korea Herald

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POSCO begins work on auto steel plants in Mexico

By Korea Herald

Published : Feb. 7, 2013 - 21:08

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POSCO, South Korea’s leading steelmaker, said Thursday that it has started building two auto steel sheet-processing centers in Mexico.

The POSCO-Mexico Aguascalientes Processing Center, set to be completed by September this year, will provide processed steel sheets to local auto parts suppliers.

POSCO will also complete the construction of a similar steel sheet-processing center, the POSCO-Mexico Puebla Processing Center, by October this year, the South Korean steelmaker said.

POSCO did not elaborate on their output capacities.

The two auto steel sheet-processing centers will help POSCO secure a bridgehead for its inroad into the North American region, according to POSCO.

POSCO currently runs dozens of steel-processing plants in Japan, China, India, Malaysia and other countries. (Yonhap News)