# POSCO Chemical invests $250M to expand precursor production at Gwangyang

POSCO Chemical's board approved a 326.2 billion won ($250 million) investment to expand battery precursor production lines at its Gwangyang plant. Construction will break ground later in 2022 with completion within two years.

- Type: Investment
- Announced: 2022-07-29
- Where: Gwangyang, South Jeolla Province, South Korea
- Value: $250.0M
- Starts operating: 2024
- Status: announced
- Capacity: increase to 220,000 tons by 2025
- Products: battery precursors
- 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/batteries/newsView/ked202207290015), 2022-07-31: "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."

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