South Korean Steel Processor POSCO Adding 60 Jobs In Indiana

POSCO, a multinational steel producer headquartered in Pohang, South Korea, will establish operations at the Port of Indiana-Jeffersonville, creating up to 60 high-wage jobs by 2018.

POSCO America will invest $19 million to construct a 136,000-square-foot facility on approximately 10 acres to process wire rod for use in the manufacture of nuts, bolts and shafts for the automotive industry. The facility, which is the company's second steel processing line and fourth steel production line in the United States, will house process machinery for the production of Cold Heading Quality Wire (CHQW) including heat furnaces and pickling, coating and drawing machines. All imported steel wire coils from domestic and foreign mills will be received via barge.

"This new project will allow POSCO to supply world premium wire-rod and bar to our customers in the United States quickly and efficiently, said Kyu Tae Kim, finance director at POSCO AAPC. "Indiana's central location and the convenience of the Jeffersonville Port are ideal as we look to tackle the U.S. automotive market and increase our supply chain. We were impressed with Indiana's quality, skilled workforce and we look forward to growing here in Clark County."

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