POSCO Chemical Completes Annual 30,000 Ton Capacity Cathode Material Plant in Yulchon Industrial Complex

Completion Ceremony Held on the 14th, Yulchon Industrial Complex to Become a Future Eco-Friendly Core Project
Over 300 Direct and Indirect Jobs Created, Expected to Revitalize the Local Economy

[Asia Economy Honam Reporting Headquarters Reporter Lee Hyung-kwon] Yeosu City (Mayor Kwon Oh-bong) announced that POSCO Chemical (CEO Min Kyung-jun) has completed a cathode material manufacturing plant with an annual capacity of 30,000 tons in the Yulchon Industrial Complex.

At the completion ceremony held on the 14th at POSCO Chemical's Gwangyang plant, about 90 people attended, including Kim Young-rok, Governor of Jeollanam-do, Seo Eun-soo, Deputy Mayor of Yeosu, Kim Myung-won, Deputy Mayor of Gwangyang, Kim Gap-seop, Director of the Gwangyang Bay Area Free Economic Zone Authority, and Min Kyung-jun, CEO of POSCO Chemical.

Since August 2018, POSCO Chemical has been constructing a cathode material plant on a 165,203㎡ site, equivalent to the size of 20 soccer fields, in the Yulchon Industrial Complex, producing raw materials used for secondary batteries.

Following the completion of the first phase in July last year with an annual production capacity of 6,000 tons, the second phase expanded the facilities by 24,000 tons annually, establishing a production system for high-capacity cathode materials with an annual capacity of 30,000 tons solely within the Yulchon Industrial Complex.

POSCO Chemical plans to further expand production capacity to 80,000 tons annually, considering future market conditions and orders.

A city official stated, "The Yulchon Industrial Complex has the advantage of reduced logistics costs for exports due to its proximity to Gwangyang Port and easy access to excellent local workforce from Yeosu and Gwangyang," adding, "The completion of this cathode material plant is expected to create about 300 jobs, revitalize the local economy, and significantly contribute to the development of the secondary battery industry, a future eco-friendly core business."

Secondary batteries can be recharged and used semi-permanently, widely applied in electric vehicles, mobile phone batteries, laptops, etc., and are gaining attention as the global electric vehicle market rapidly grows.

This content was produced with the assistance of AI translation services.