# Ajoo Steel to invest 110 billion won in second phase of Gimcheon plant

Ajoo Steel will invest 110 billion won in the second phase of its Gimcheon plant in Gyeongsangbuk-do, South Korea, from H2 2022 to H1 2023, to increase CCL capacity from 220,000 to 300,000 tons, HMP from 1.8 million to 4.4 million units, and add a 200,000-ton CGL line.

- Type: Expansion
- Announced: 2021-11-22
- Where: Gimcheon, Gyeongsangbuk-do, South Korea
- Value: $93.0M (110.0B KRW)
- Starts operating: Q3 2022
- Status: announced
- Capacity: CCL: 300,000 tons/year, HMP: 4.4 million units/year, CGL: 200,000 tons/year
- Products: color-coated steel sheet, home appliance panels, galvanized steel sheet
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Ajoo Steel](https://endata.com/companies/58578.md)

## Sources

- [steeldaily.co.kr](https://www.steeldaily.co.kr/news/articleView.html?idxno=159504), 2021-11-22: "2022년 하반기~2023년 상반기까지 김천공장 2차 투자를 진행하고, 고객사와의 협업으로 확보된 물량에 대응하기 위해 1,100억원이 투입될 예정이다."

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