Pos-Austem (Yantai) Automotive Processing CenterCo was jointly invested and established by South Korean Austem Co, Posco (China) Investment Co, and Posco (Yantai) Automotive Processing CenterCo in March 2013.

The company mainly producescore components forautomotive chassis. It has received$25 millionin investmentand has a registered capital of $10 million.

The company covers an area of 27,640 square meters, with a building area of 16,000 square meters,and has 137 employees.