# POSCO to invest KRW 1 trillion in electrical steel plant in Gwangyang

POSCO will invest 1 trillion won to build a plant in Gwangyang capable of producing 300,000 tons of non-oriented electrical steel annually. The plant is expected to be completed in 2025, expanding POSCO's total capacity to 400,000 tons per year.

- Type: New facility
- Announced: 2021-11-16
- Where: Gwangyang, South Korea
- Value: $850.0M (1000.0B KRW)
- Starts operating: 2025
- Status: announced
- Capacity: 300,000 tons per year
- Products: non-oriented electrical steel sheets
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

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

## Sources

- [businesskorea.co.kr](https://www.businesskorea.co.kr/news/articleView.html?idxno=81390), 2021-11-16: "POSCO will invest 1 trillion won to build a plant that can produce 300,000 tons of non-oriented electrical steel annually."

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