Posco Chemical invests 351.2 billion KRW in Canadian subsidiary to promote joint venture with GM
[Asia Economy Reporter Kwon Jaehee] POSCO Chemical announced on the 27th that it will invest approximately 351.2 billion KRW in its subsidiary, Canada Ultium CAM LP. This amount corresponds to 14.40% of its equity capital.
After the investment, the shareholding ratio will be 85%.
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POSCO Chemical stated that the reason for this move is "to advance into the North American market through a joint venture with the U.S. company General Motors (GM)."
This content was produced with the assistance of AI translation services.
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