Secondary Battery Specialist Company 'Mirae Cheomdan Sojae' Completes Construction of Second Factory in Dalseong-gun, Daegu

Battery Material Lithium Hydroxide Production

Securing 40,000 Tons Annually from Plants 1 and 2

Daegu City held the ‘Mirae Advanced Materials Co., Ltd. 2nd Factory Completion Ceremony’ at 11 a.m. on the 27th at the Dalseong 2nd Industrial Complex. About 60 people attended the ceremony, including Lee Jong-hwa, Deputy Mayor for Economic Affairs of Daegu City, Kim Cheol-young, Chairman of Mirae Nanotech Co., Ltd., and Yoon Seung-hwan, CEO of Mirae Advanced Materials Co., Ltd.

Mirae Advanced Materials Co., Ltd., which has been recognized for its outstanding technology by domestic and international cathode material companies in the rapidly growing secondary battery market for electric vehicles, has invested approximately 33 billion KRW to complete its second lithium hydroxide factory in the Dalseong 2nd Industrial Complex (Guji-myeon, Dalseong-gun), marking the start of its full-scale entry into the global market.

The completion ceremony of the Future Advanced Materials Plant 2 is being held at the Daegu Dalseong 2nd Industrial Complex.

Lithium hydroxide, a major product of Mirae Advanced Materials Co., Ltd., plays an important role in producing battery electric energy as a key raw material essential for manufacturing high-nickel cathode materials containing more than 80% nickel (high-nickel), driven by technological advancements aimed at extending electric vehicle driving range.

The newly completed second factory of Mirae Advanced Materials Co., Ltd. began construction in November last year and received completion approval in June this year. Built on a site of 5,032㎡ (1,522 pyeong) with a total floor area of 3,811㎡ (1,154 pyeong) across four buildings, it has established manufacturing facilities for lithium hydroxide and anhydrous lithium to expand production.

With this, combining the first and second factories, Mirae Advanced Materials is expected to secure an annual production capacity of 40,000 tons and play a significant role in achieving this year’s sales target of 300 billion KRW, approximately six times last year’s sales of 53.1 billion KRW.

Kim Cheol-young, Chairman of Mirae Nanotech Co., Ltd., the parent company of Mirae Advanced Materials Co., Ltd., said, “The completion of the second factory of Mirae Advanced Materials holds deep significance for expanding the group’s core new business in the secondary battery sector. Mirae Advanced Materials plays a key role in enhancing global capabilities in secondary batteries, and the group will spare no support.” He added, “We are deeply grateful to Daegu City for its assistance and will repay it through regional revitalization and job creation.”

Lee Jong-hwa, Deputy Mayor for Economic Affairs of Daegu City, said, “Mirae Advanced Materials is a specialized company in core secondary battery materials, and this investment will serve as an opportunity to expand its entry into the global market.” He added, “We will provide all administrative and policy support to help it grow not only as a representative company of Daegu but also of South Korea.”

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