POSCO Starts Operations in Indiana
According to a report from the News and Tribune, South Korean steelmaker POSCO started operations at its new plant in Jeffersonville, Ind. The 86,000-square-foot plant will process steel wire for fasteners, nuts and bolts used in automotive applications. It has heat-treatment, drawing and coating capabilities. The facility currently employs 18 manufacturing workers but will eventually employ 60 when the second phase of construction, which will add 50,000 square feet of manufacturing space, is complete by the end of next year. POSCO, the fifth-largest steelmaker in the world, chose Indiana because of its proximity to transportation.