POSCO International Expands Global Production of Traction Motor Cores

POSCO INTERNATIONAL CORP. — POSCO International Corp., the trading subsidiary of South Korea's leading steel manufacturer POSCO, announced its plans on Monday to increase its traction motor core production capacity abroad as part of its strategy to secure a new growth engine.

According to Yonhap News Agency, a decision made during a recent board meeting will see the construction of the No. 2 traction motor core plant in Mexico by March next year and another new facility in Poland by May next year. This move is aligned with POSCO International's 2030 vision to establish a global production and distribution network capable of producing over 7 million traction motor cores annually and capturing a 10 percent share of the global market.

Traction motor cores are essential components in both all-electric vehicles and gasoline hybrid models. Currently, POSCO International operates four traction motor core plants—two in South Korea (Pohang and Cheonan), one in Mexico, and one in China, with a combined capacity of 2.25 million units. With the upcoming addition of the second Mexican plant, the Poland plant, and a planned facility in India within the next few years, the company is set to have seven plants across five countries.

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