# 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.

- Type: Expansion
- Announced: 2023-07-24
- Where: Gwangyang, South Korea, South Korea
- Value: $529.0M (683.4B KRW)
- Status: announced
- Capacity: 52,000 tons per year
- Products: high-nickel cathodes
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [POSCO Future M](https://endata.com/companies/69225.md)

## Sources

- [en.yna.co.kr](https://en.yna.co.kr/view/AEN20230724002001320), 2023-07-24: "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."

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