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POSCO, the world's fourth largest steelmaker, has begun construction on a new plant to produce zinc-plated steel alloy plate for carmakers in Mexico.
POSCO President Yoon Seok-man attended the groundbreaking ceremony at the Altamira Industrial Park in Mexico's eastern state of Tamaulipas along with the governor of Tamaulipas and Mexico's subsecretary of the economy.
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From left: Korean Ambassador to Mexico Won Jong-chan, Tamaulipas Governor Eugenio Hernandez, POSCO President Yoon Seok-man and Mexico's Vice Economy Minister Rocio Ruiz Chavez. POSCO broke ground on the new continuous galvanizing line to produce zinc-plated steel alloy plate for carmakers at the Altamira Industrial Park in Mexico's eastern state of Tamaulipas on Thursday. The plant will produce 400,000 tons of high-quality, non-corroding steel plate annually. /Yonhap
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The US$250 million plant, scheduled for completion in June 2009, will produce 400,000 tons of high-quality, non-corroding steel plate for automobiles per year.
POSCO in March wrapped up construction on its POSCO Mexico Processing Center (PDS-MPC) with an annual capacity of 170,000 tons of steel plate for automobiles.
The center, in the Mexican state of Puebla, imports finished steel plate from Korea and supplies them to carmakers such as DaimlerChrysler and auto parts makers.
(englishnews@chosun.com )
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