# POSCO Chemical to invest KRW 326.2B in precursor production expansion

POSCO Chemical's board approved a KRW 326.2 billion investment to expand precursor production capacity at its Gwangyang plant by 45,000 tonnes/year, with construction starting in 2022 and completion targeted for 2024.

- Type: Expansion
- Announced: 2022-07-27
- Where: Gwangyang, South Korea
- Value: $250.0M (326.2B KRW)
- Starts operating: Q3 2024
- Status: announced
- Capacity: 45,000 tonnes/year
- Products: precursors for cathode materials
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

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

## Sources

- [fnnews.com](https://www.fnnews.com/news/202207280933123357), 2022-07-28: "포스코케미칼은 전날 이사회를 열고 3262억원을 투자해 광양공장 내에 연 4만5000t 규모의 양극재용 전구체 생산설비를 증설하기로 했다."
- [kedglobal.com](https://www.kedglobal.com/us/batteries/newsView/ked202207290015), 2022-07-29: "To meet the rapidly growing demand, POSCO announced it will inject 326.2 billion won to expand the production line for battery precursors at its Gwangyang plant."

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