"Acceptance of Toyota is making a positive step for Posco, in terms of quality-owned technology already in a good level," said Miyao.
Toyota Motor Corp.. (TMC) continues to forge an friendly relationship with a major supplier of sheet steel from Posco Steel. S largest steel company from South Korea (ROK) is now included in the company's main supplier for Toyota, competing with local partners Nippon Steel Corporation.
"Toyota is facing a paradigm shift purchases to restructure existing production chain to reduce cost of production. Inclusion of Posco, however, have a negative impact to a Japanese steel manufacturer," beber Miyao.
According to a spokesman Nakaji Honda, Posco successfully accepted into the ranks of Kyohokai-gathering component of Toyota's main suppliers. South Korean steel sheet was actually starting to be used to supply Toyota plant production in Indonesia and India from 2003.
Toyota's decision, which related to the strengthening yen continued impact on the supply from Japan less competitive. Moreover, the exchange rate of the won (South Korea) which tends to weaken will maintain financial stability at the cost of car production. Takeshi Miyao, an analyst said Carnorama Japan, Posco will be pocketing a large and stable orders from Toyota, to supply raw materials at the plant - the plant developing countries.
"Toyota is facing a paradigm shift purchases to restructure existing production chain to reduce cost of production. Inclusion of Posco, however, have a negative impact to a Japanese steel manufacturer," said by Miyao.
