# AN Poly breaks ground on 20 billion won nanocellulose plant in Pohang, South Korea

ANPOLY held a groundbreaking ceremony on October 16, 2024 for a new factory in the Pohang Convergence Technology Industrial District, South Korea. The facility will have a total floor area of 4,429 square meters, involve an investment of 20 billion won, and is expected to be completed in October 2025 with an annual production capacity of over 1,000 tons and create more than 30 jobs.

- Type: New facility
- Announced: 2024-10-16
- Where: Pohang Convergence Technology Industrial District, Heunghae-eup, Buk-gu, Pohang, South Korea
- Value: $15.0M (20.0B KRW)
- Jobs: 30
- Starts operating: Oct 2025
- Status: under construction
- Capacity: over 1,000 tons per year
- Products: nanocellulose
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Plastics and Polymers](https://endata.com/sectors/plastics-polymers.md)

## Companies

- [ANPOLY](https://endata.com/companies/80480.md)

## Sources

- [mk.co.kr](https://www.mk.co.kr/en/society/11142575), 2024-10-17: "The headquarters and factory will have a total floor area of 4,429 square meters and invest a total of 20 billion won to build one basement floor and three ground floors."

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