# 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.

- Type: Expansion
- Announced: 2021-02-23
- Where: Gwangyang, South Jeolla Province, South Korea
- Value: $248.7M (275.8B KRW)
- Starts operating: 2023
- Status: under construction
- Capacity: 100,000 tons per year
- Products: high-nickel NCMA cathodes, cathode materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

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

## Sources

- [pulse.mk.co.kr](https://pulse.mk.co.kr/news/english/9762457), 2021-02-24: "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."

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