POSCO was established in South Korea in 1968 and was the first Korean firm to be listed on the New York Stock Exchange in 1994. It operates 312 facilities in 43 countries around the world. POSCO's Jeffersonville plant will process steel wire for fasteners, nuts and bolts used in the automotive industry and serve as a distribution center for other POSCO products. POSCO America, incorporated in 1984, maintains its U.S. headquarters in Fort Lee, N.J., with additional facilities in Houston, Texas, Troy, Mich., and McCalla, Ala. POSCO operates two integrated steel mills in South Korea and a joint venture facility with U.S. Steel, USS-POSCO Industries, located in California.