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POSCO-HBIS Group JV starts construction of auto sheet plant in Hebei, China · Endata

◂ Announcements

Jan 7, 2022NEW FACILITYHebei, China

POSCO-HBIS Group JV starts construction of auto sheet plant in Hebei, China

The joint venture between POSCO and HBIS Group, with an investment of 4.125 billion yuan ($647 million), started construction of an auto sheet plant in Hebei, China. The venture includes two production lines in Hebei and one existing line in Guangdong.

Value

$647.0M (4.13B CNY)

Status

Under construction

Productsauto sheet steel

CompaniesPOSCO partner HBIS Group partner

Sectors#Steel and Metal Products

“An auto sheet joint venture between Chinese steel producer HBIS Group and South Korea's POSCO with an investment of 4.125 billion yuan ($647 million) started construction in China's steel hub Hebei on Friday.”reuters.com

1 source
reuters.comPOSCO-HBIS Group JV kicks off construction in ChinaJan 7, 2022

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

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