OREANDA-NEWS. May 31, 2012. Founded on Dec 20, 2004 with USD 22.3 million in capital, POSCO-CFPC is a 11,000 square meter processing center. The company has 156 employees working in multiple divisions: Production, Carbon Steel Sales, Stainless Steel Sales, QSS Innovation ad Management.

The company functions as a processing and sales channel for carbon steel, stainless steel and other steel plate products manufactured across the POSCO Family, including POSCO headquarters, POSCO C&C, ZPSS, QPSS and POSCO Vietnam.

The founding mission of the company is to supply clients with POSCO`s steel products, along with finance, storage, logistics and processing. Processing Line No. 1, founded in November 2005 with an annual processing capability of 100,000 tons, is responsible for the processing of STS materials. The second Processing Line, added in November 2007, manufactures 120,000 tons of carbon steel annually.

The company, whose main business is located in the Huanan region, works with Midea, HITACHI, GLANZ, Vanward and other key clients in the electronics sector in building strategic partnerships to promote local brand awareness and maintain market leadership in the steel sector.

Social responsibility is a priority and the company is actively engaged in local outreach activities.

Since 2009, the company has donated RMB 27,000 to the Jinchonkyung, a home for the elderly located near the company headquarters. The home was designated as the company`s social responsibility recipient as part of the POSCO Global Volunteer Week initiative. Employees at POSCO-CFPC visited the center to donate electric heaters and other household items to help improve living conditions. The company also made donations to help the victims of the earthquake that hit Qinghai province and flood victims of Jilin province. POSCO-CFPC donated also money to the Sunduk Education Fund and sponsored a local field day event.

POSCO-CFPC is committed to POSCO`s vision to become a trusted partner with its clients. Passion, ambition and customer inspiration are key values that are actively pursued by POSCO-CFPC to build a better future.