Better Touch Better Business
South Korea's Posco's auto sheet processing center project in Indonesia has started
Following Japan's Nippon Steel u0026 Sumitomo Metal Corporation's claim to build an auto sheet joint venture in Indonesia at the end of last year, South Korea's Posco's Indonesian auto sheet processing center started construction on February 20 this year. quick. This processing center, known as No. 2 Pohang-Indonesia Jakarta, is located in Karawang, Indonesia, with an annual processing capacity of 120,000 tons of automotive sheets. It is expected to be completed in August this year. The machining center is home to several global automakers, including Japan's Toyota and Honda, and has now received orders from companies such as General Motors. Posco's existing No. 1 Posco-IJPC processing center in Karawang was put into operation at the end of 2009, with an annual processing capacity of 960,000 tons. The processed sheets are mainly supplied to manufacturers of household appliances. In Southeast Asia, Indonesia's auto industry is developing rapidly. Last year, the car production reached a record level of 1.05 million, an increase of 26.5% from 830,000 in 2011. This year's production is expected to further increase to 1.2 million. It is expected that by 2017, Indonesia's automobile production will double to nearly 1.5 million vehicles, and the consumption of automobile steel plates will exceed 1 million tons by then.