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Posco and HBIS form $600M JV for automotive steel plant in Tangshan · Endata

◂ Announcements

Steel and Metal Productsworld trade 2024+3.9% 5Y CAGR

Automotive Componentsworld trade 2024+2.2% 5Y CAGR

Jun 29, 2021ACQUISITIONTangshan, Hebei, China, China

Posco and HBIS form $600M JV for automotive steel plant in Tangshan

Posco and HBIS Group signed an agreement to form a 50:50 joint venture, investing a total of $600 million to build a 900,000-tonne galvanized steel sheet plant in Tangshan, Hebei, China. Construction starts January 2022, completion by end of 2023.

Value

$600.0M

Status

Announced

Capacity

900,000 tonnes per year

Productsgalvanized steel sheets for automotive

CompaniesPOSCO partner HBIS Group partner

Sectors#Steel and Metal Products #Automotive Components

“From our collaboration with HBIS Group we plan to reinforce our position as the most competent automotive steel sheet supplier in China, where it has the world’s biggest market for automotive steel sheets.”en.steelhome.com

1 source
en.steelhome.comPosco & HBIS Form JV for Automotive Steel Plant in Tangshan_steelhomeJun 29, 2021

Summarized from public sources; check the original articles before acting on it.

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