Port of Indiana welcomes POSCO processing center, 60 high-wage jobs

JEFFERSONVILLE, Ind. – Officials from POSCO, the Ports of Indiana, and community leaders gathered to break ground on POSCO’s new wire rod processing center at the Port of Indiana-Jeffersonville.

POSCO is a multinational company headquartered in Pohang, South Korea, and the fifth-largest steel producer in the world. POSCO is South Korea’s fourth largest company, behind Samsung Electronics, SK Holdings and Hyundai Motors, and is ranked No. 162 in Fortune’s Global 500.

The new $19 million facility is expected to begin operations in 2017 and create up to 60 high-wage jobs by 2018.

“When a global company like POSCO selects Indiana for its newest plant, it is a strong endorsement of our state’s pro-business environment and talented workforce,” said Governor Mike Pence. “Our state is leading the nation in manufacturing jobs creation and POSCO’s new facility will not only produce new high-wage jobs, but its operations will also generate new business for other port companies.”

Read more of this story at Ports of Indiana. Photo courtesy of POSCO America.

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