South Korea's largest steel maker POSCO completed its first overseas steel plate processing center 'POSCO-CDPPC' in Changxing Dao, Dalian, Liaoning Province, China, on June 14th.
With this POSCO has established a stable sales base in Bohai Bay area which is a core region of China's shipbuilding industry.
The completion ceremony was attended by POSCO chairman Jung Joon-yang, STX chairman Kang Duk-soo and Dalian municipal government officials among others.
POSCO-CDPPC is capable of processing 400,000 tons of steel products annually.
It will process steel plates and hot-rolled products, coming from POSCO's South Korean factories, and provide them to Chinese customers.
Bohai Bay is home to DSIC and many ship equipment suppliers as well as South Korea's STX Dalian offshore & shipbuilding complex, Daewoo Shipbuilding & Marine Engineering and Samsung Heavy Industries' ship block factories.
POSCO plans to connect POSCO-CDPPC with Tianjin's POSCO-CTPC, Shenyang's POSCO-CLPC and Yantai's POSCO-CYPC to expand market share in Chinese shipbuilding industry.
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Published : June 14, 2011