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POSCO Future M to invest 683.4 billion won in cathode plant expansion in Gwangyang · Endata

◂ Announcements

Jul 24, 2023EXPANSIONGwangyang, South Korea, South Korea

POSCO Future M to invest 683.4 billion won in cathode plant expansion in Gwangyang

POSCO Future M announced a plan to invest 683.4 billion won (US$529 million) to build a facility to produce high-nickel cathodes at its main cathode complex in Gwangyang, South Korea. The facility will have an annual capacity of 52,000 tons.

Value

$529.0M (683.4B KRW)

Status

Announced

Capacity

52,000 tons per year

Productshigh-nickel cathodes

CompaniesPOSCO Future M

Sectors#Semiconductors and Industrial Electronics

“POSCO Future M announced in a separate filing that it will invest 683.4 billion won to build a facility to produce high-nickel cathodes.”en.yna.co.kr

1 source
en.yna.co.kr(LEAD) POSCO Future M Q2 profit down 6 pct, to expand cathode plants in S. Korea | Yonhap News AgencyKim Seung-yeonJul 24, 2023

Summarized from public sources; check the original articles before acting on it.

More from POSCO Future M

Aug 26, 2024ACQUISITIONSouth Korea$40.0M
OCI acquires POSCO Future M's entire stake in P&O Chemical for KRW 53.7 billion
OCI Co. acquirer P&O Chemical target asiae.co.kr
Feb 23, 2024EXPANSIONGwangyang, South Jeolla Province, South Korea$514.2Mops Apr 2025
POSCO Future M begins construction of second cathode factory in Gwangyang
POSCO Future M Samsung SDI customer pulse.mk.co.kr
Nov 13, 2023NEW FACILITYGongju, Chungcheongnam-do, South Koreaops 13 Nov 2023
P&O Chemical completes Korea's first anode coating pitch plant in Gongju
P&O Chemical OCI Co. partner asiae.co.kr
Apr 26, 2023CONTRACT
POSCO Future M signs 30.3 trillion won cathode supply deal with LG Energy Solution
LG Energy Solution customer POSCO Future M supplier khan.co.kr
Apr 26, 2023CONTRACT$22.6B
POSCO Future M wins 30.3 trillion won cathode supply deal from LG Energy Solution
LG Energy Solution customer POSCO Future M supplier en.yna.co.kr
Mar 21, 2023NEW FACILITYPohang, North Gyeongsang Province, South Korea, South Korea$300.0Mops 2025
POSCO Future M to build $300M NCA cathode plant in Pohang, South Korea
POSCO Future M kedglobal.com

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