# 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.

- Type: New facility
- Announced: 2022-01-07
- Where: Hebei, China
- Value: $647.0M (4.13B CNY)
- Status: under construction
- Products: auto sheet steel
- 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

- [reuters.com](https://www.reuters.com/markets/deals/posco-hbis-group-jv-kicks-off-construction-china-2022-01-07/), 2022-01-07: "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."

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