POSCO builds steel processing centre in Yantai

Korean steelmaker POSCO started the construction of POSCOCYPC, a new Chinese processing centre, in the Economy Technology Development Zone in Yantai, Shandong province. POSCO started to build up the new supply chain management (SCM) centre to secure a new sales hub for automobile sheets, as Shandong-based Chinese carmakers, located in Yantai and Jinan, are increasing production. POSCO-CYPC will process an annual 170,000 tonnes of steel products to be supplied to customer firms , such as Shanghai GM and Geely, as well as Foxconn and Samsung Electronics. The new plant is of high significance because it's POSCO's 50th global SCM centre. POSCO plans to complete POSCOCLPC in China in June, followed by POSCO-TNPC in Turkey in July. With the completion of POSCO-CYPC next January, POSCO will own 50 processing plants in 14 countries.Nike Air Jordan 1 Retro