[THE INVESTOR] POSCO announced on Oct. 6 that its India Ahmedabad Processing Center has been completed.

It is the fourth steep processing center in the south Asian country, demonstrating the South Korean steelmaker’s determination to target the rising hub of auto manufacturing.

The center can produce 120,000 tons of cold rolled steel a year, and also offers shearing, sleeting, and blanking as well as storage and logistics service. It will focus on supplying commercial steel for global carmakers in India including Tata and Ford. 



India has risen to the fifth rank in finished auto manufacturing, producing over 4.11 million cars in 2015 and more than 2.96 million cars until August this year.

By Hwang You-mee (glamazon@heraldcorp.com)