The board of directors of POSCO International has approved the construction of a new traction motor core plant in Poland and a second plant in Mexico, completing the blueprint for producing 7 million traction motor cores by 2030. The company will be able to establish a global production cluster for traction motor cores in five countries, including Korea (Pohang and Cheonan), Mexico, Poland, China, and India.
The Polish production plant, which will be the headquarters of POSCO International’s traction motor core business in Europe, will be located in Brzeg in southwestern Poland. It is located adjacent to the production bases of global automakers in Europe, namely in Germany, the Czech Republic, Slovakia, and Hungary, making it a prime spot for local procurement.
The new plant, set to be constructed on a 100,000 ㎡ plot, is due to start construction in June of this year, with completion expected by May 2025. The plant will expand its production scale according to the production plan to produce 1.2 million traction motor cores annually by 2030.
Starting with the production of 1.03 million traction motor cores ordered by Hyundai Motor Company in last January, the company plans to stabilize the plant’s operations by pursuing orders from major European customers.
The construction of Plant 2 in Mexico is scheduled to begin in May this year and is expected to be completed by March next year. It will be built next to Plant 1, which was completed in Ramos Arizpe in October last year. The combined production capacity of Plants 1 and 2 will amount to 2.5 million units annually by 2030.
In particular, Plant 2 in Mexico will serve as an essential production base to supply 2.72 million traction motor cores to Hyundai Motor Group Metaplant America (HMGMA), which was contracted in September last year, while responding to the needs of customers for local production in North America.
Source from Green Car Congress
Disclaimer: The information set forth above is provided by greencarcongress.com independently of Alibaba.com. Alibaba.com makes no representation and warranties as to the quality and reliability of the seller and products.
