# HBIS and Posco to form joint venture for automotive sheet metal in China

HBIS Group and Posco signed an agreement to establish a joint venture in Hebei, China, to produce sheet metal for the high-end automotive market. The venture will use HBIS's cold rolling facility in Laoting, Tangshan. Financial details were not disclosed.

- Type: Partnership
- Announced: 2019-12-10
- Where: Laoting, Tangshan, Hebei, China
- Status: announced
- Products: automotive sheet metal, cold rolled panels, galvanized panels
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [POSCO](https://endata.com/companies/8856.md) (partner)
- [HBIS Group](https://endata.com/companies/33829.md) (partner)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/china-hbis-korea-posco-unite-to-tackle-high-end-auto-metal-market), 2019-12-10: "The pair penned an agreement to establish the firm in HBIS's home province of Hebei, the state-owned Chinese partner said in a statement today without disclosing financial or shareholding details."

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