Investment Agreement Company in Secondary Battery Materials Sector Breaks Ground at Sepung Industrial Complex

600 Billion KRW Investment in Secondary Battery Cathode Materials

CIS Chemical Co., Ltd. Begins Construction at Gwangyang Sepoong Port Hinterland Site

The Gwangyang Bay Area Free Economic Zone Authority (Commissioner Song Sang-rak, hereinafter GFEZ Authority) announced that CIS Chemical Co., Ltd. has begun construction of a factory producing key metal materials for secondary battery cathode materials on the hinterland site of Gwangyang Sepung Port.

CIS Chemical Co., Ltd., which signed an investment agreement with Jeonnam Province last October, is a materials-specialized company that re-exports high-purity nano alumina for semiconductor equipment materials. Through proprietary technology that purifies raw materials such as lithium, cobalt, and nickel used in secondary battery materials, it is expected to greatly contribute to expanding the materials industry base in Jeonnam by strengthening material production capacity and securing stable procurement of raw materials.

[Photo by Gwangyang Economic Promotion Agency]

CIS Chemical has succeeded in commercializing eco-friendly and highly efficient manufacturing technology for producing core materials for secondary battery precursors and is promoting mass production. The related new technology has been patented domestically and internationally.

The newly planned Gwangyang factory will invest approximately 60 billion KRW by 2025 on a 33,000㎡ site to produce 10,000 tons per year of high-purity secondary battery core materials based on metals.

Song Sang-rak, Commissioner of the GFEZ Authority, said, “To strengthen the secondary battery material supply chain, we will attract investments from excellent secondary battery material companies within the GFEZ area and contribute to regional development by clustering secondary battery-related industries.”

Asia Economy Honam Reporting Headquarters, Reporter Heo Seon-sik hss79@asiae.co.kr

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