# CIS Chemical to build secondary battery additives plant in Gwangyang Port hinterland

CIS Chemical Co., Ltd. signed a lease agreement with Yeosu Gwangyang Port Authority to build a factory on a 33,000㎡ site in Sepung Industrial Complex, investing 51 billion won to produce secondary battery additives and precursor materials, with production targeted for the second half of 2023.

- Type: New facility
- Announced: 2023-02-09
- Where: Sepung Industrial Complex, Gwangyang Port, South Korea
- Value: $40.0M (51.0B KRW)
- Starts operating: Q3 2023
- Status: announced
- Products: high-purity alumina, nickel, cobalt, lithium, secondary battery additives
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [CIS Chemical](https://endata.com/companies/65703.md)

## Sources

- [cischem.co.kr](https://www.cischem.co.kr/bbs/board.php?bo_table=promotion_eng&wr_id=33), 2023-02-09: "CIS Chemical, which recently signed a lease agreement, will invest 51 billion won to build a factory on a 33,000㎡ site and produce secondary battery additives such as high-purity alumina, as well as nickel, a key precursor material for cathode agents in secondary batteries, cobalt and lithium are pr"

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