# POSCO completes world's first giga steel automotive sheet plant at Gwangyang

POSCO completed the No. 7 Continuous Galvanizing Line at Gwangyang Steelworks, the world's first plant dedicated to producing 1.5 GPa giga steel automotive sheets, with an investment of 255.4 billion won and annual capacity of 500,000 metric tons.

- Type: Expansion
- Announced: 2017-04-26
- Where: Gwangyang, South Jeolla Province, South Korea
- Value: $225.6M (255.4B KRW)
- Starts operating: 26 Apr 2017
- Status: completed
- Capacity: 500,000 metric tons per year
- Products: giga steel automotive sheets, galvanized steel sheets
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [POSCO](https://endata.com/companies/8856.md)

## Sources

- [businesskorea.co.kr](https://www.businesskorea.co.kr/news/articleView.html?idxno=17969), 2017-04-27: "POSCO Gwangyang Steelworks has completed an automotive steel sheet production facility dedicated to giga steel for the first time in the world."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.