# Kyungnam Steel completes Gwangyang Plant 2 in South Korea

Kyungnam Steel held a completion ceremony for its Gwangyang Plant 2 in Taein-dong, Gwangyang, South Korea, on June 8, 2018. The plant cost 22 billion KRW and adds gigapascal-grade high-strength steel processing capacity, increasing total annual production from 930,000 tons to 1.2 million tons.

- Type: New facility
- Announced: 2018-06-08
- Where: Gwangyang, South Jeolla, South Korea
- Value: $20.0M (22.0B KRW)
- Starts operating: 8 Jun 2018
- Status: completed
- Capacity: annual production increase from 930,000 tons to 1.2 million tons
- Products: gigapascal-grade high-strength steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Kyungnam Steel](https://endata.com/companies/32484.md)

## Sources

- [knnews.co.kr](https://www.knnews.co.kr/news/articleView.php?idxno=1251859), 2018-06-10: "경남스틸 관계자들이 지난 8일 광양2공장 준공식 후 테이프를 자르고 있다."

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