# POSCO Chemical to build 60,000-ton cathode plant in Pohang

POSCO Chemical will invest 600 billion won ($523 million) from 2022 to build a cathode materials plant in Pohang city with an annual capacity of 60,000 tons. The company signed a partnership agreement with local governments.

- Type: New facility
- Announced: 2021-07-08
- Where: Pohang, North Gyeongsang Province, South Korea
- Value: $523.0M (600.0B KRW)
- Status: announced
- Capacity: 60,000 tons per year
- Products: cathode materials for secondary batteries
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

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

## Sources

- [kedglobal.com](https://www.kedglobal.com/us/batteries/newsView/ked202107080014), 2021-07-08: "The recent moves by the global automakers to internalize battery production and set up regional supply chains will provide growth opportunities for battery materials makers like us."

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