Posco Chemical builds 4th cathode materials plant in Gwangyang

Posco Chemical will invest 275.8 billion won ($248.71 million) to build a fourth cathode materials plant in Gwangyang, South Jeolla Province, raising total cathode production capacity to 100,000 tons per year. Ground was broken on February 23, 2021, with operation expected in 2023.

“Posco Chemical Co., a refractory and secondary battery materials making unit of South Korean steel giant Posco, will invest 275.8 billion won ($248.71 million) to build a fourth plant on cathode materials to meet with explosive demand for electric vehicle (EV) batteries.”pulse.mk.co.kr

• 1 source
• pulse.mk.co.krPosco Chemical builds 4th plant on cathode materials to raise capacity to 100,000 tons - 매일경제 영문뉴스 펄스(Pulse)Feb 24, 2021

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