# POSCO Chemical expands cathode material plant in Gwangyang, South Korea

POSCO Chemical began the third-phase expansion of its cathode material plant in Gwangyang, South Korea. The expansion will add 30,000 tonnes of annual capacity, bringing total capacity to 70,000 tonnes, with an investment of 289.5 billion won. Production is targeted for 2022.

- Type: Expansion
- Announced: 2020-08-31
- Where: Gwangyang, South Jeolla, South Korea
- Value: $244.0M (289.5B KRW)
- Starts operating: 2022
- Status: under construction
- Capacity: 30,000 tonnes per year (additional)
- Products: NCMA cathode material, NCM cathode material
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [POSCO Chemical](https://endata.com/companies/44695.md)

## Sources

- [hani.co.kr](https://www.hani.co.kr/arti/economy/economy_general/960079.html), 2020-08-31: "증설되는 공장은 연산 3만톤 규모로, 이로써 포스코케미칼의 양극재 생산능력은 연간 총 7만톤으로 늘어나게 된다."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.