# POSCO begins construction of non-oriented electrical steel sheet plant in Gwangyang

POSCO held a groundbreaking ceremony for a non-oriented electrical steel sheet plant with an annual capacity of 300,000 tons at Gwangyang Works, with an investment of KRW 1 trillion. Production capacity will increase from 100,000 to 400,000 tons per year by 2025.

- Type: New facility
- Announced: 2022-04-22
- Where: Gwangyang, South Korea, South Korea
- Value: $800.0M (1000.0B KRW)
- Starts operating: 2025
- Status: under construction
- Capacity: 300,000 tons per year (new plant); total capacity to reach 400,000 tons per year by 2025
- Products: non-oriented electrical steel sheets
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [newsroom.posco.com](https://newsroom.posco.com/en/posco-begins-construction-of-eco-friendly-and-high-efficiency-electrical-steel-sheet-in-gwangyang-with-an-investment-of-krw-1-trillion/), 2022-04-21: "POSCO started the construction of non-oriented electrical steel sheet plant in Gwangyang Works with an annual production capacity of 300,000 tons."
- [mepsinternational.com](https://mepsinternational.com/gb/en/news/new-capacity-roundup-may-2022), 2022-05-31: "POSCO has broken ground on a new steel plant in Gwangyang, South Korea, that will produce non-oriented electrical steel."

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