Pohang City Attracts 95 Billion Won Investment... Accelerates Leap to Global Advanced Industrial City

Eviden Graphite Korea Expands Isotropic Graphite Manufacturing Facility with 65 Billion KRW Investment

TDM Establishes 30 Billion KRW CNT Manufacturing Facility in Blue Valley National Industrial Complex

On the 24th, Pohang City and Gyeongbuk Province signed a memorandum of understanding for an investment worth 95 billion KRW with Ebiden Graphite Korea and 2DM at the Pohang City Hall main conference room.

On the 24th, Pohang City and Gyeongbuk Province signed a memorandum of understanding for an investment worth 95 billion KRW with Ebiden Graphite Korea and 2DM at the Pohang City Hall's main conference room. Photo by Pohang City

The signing ceremony was attended by about 30 people, including Lee Kang-deok, Mayor of Pohang City, Lee Cheol-woo, Governor of Gyeongbuk Province, Seo Jae-hyun, CEO of Ebiden Graphite Korea, Kim Young-jin and Do In-hwan, co-CEOs of 2DM, city and provincial council members, and officials from related organizations.

From the left, Lee Gang-deok, Mayor of Pohang; Kim Young-jin and Do In-hwan, CEOs of 2DM; Lee Cheol-woo, Governor of Gyeongbuk Province. Provided by Pohang City

Under this agreement, Ebiden Graphite Korea plans to additionally invest 65 billion KRW from 2025 to 2029 in its existing factory located in the Yeongilman General Industrial Complex, expanding its isotropic graphite manufacturing facilities on a site area of 104,138㎡.

Upon completion of this facility investment, production capacity is expected to increase from 3,600 tons per year to approximately 5,400 tons.

Isotropic graphite has a low coefficient of thermal expansion, excellent dimensional stability at high temperatures, strong resistance to thermal shock, and high chemical resistance. Due to its wide range of applications, demand is expected to grow in various industries such as semiconductors, solar power, and nuclear power.

2DM, headquartered in Paju, Gyeonggi Province, plans to establish a carbon nanotube (CNT) manufacturing plant worth 30 billion KRW (site area 6,877.9㎡) within the Blue Valley National Industrial Complex as part of this agreement. The annual production capacity of carbon nanotubes is expected to be 120 tons of powder and 2,400 tons of dispersion.

Carbon nanotubes (CNT) are conductive materials used in secondary batteries, possessing high electrical conductivity. They are known to be about 100 to 300 times stronger than steel and approximately twice as light as aluminum.

Additionally, CNTs have the effect of improving the performance and efficiency of secondary batteries, and their utilization and demand in the secondary battery sector are expected to expand further.

Mayor Lee Kang-deok said, “We thank the companies for deciding to invest in Pohang despite difficult economic conditions. We will actively support promising companies to grow into world-class enterprises through their investment in Pohang and do our best to establish Pohang as a global advanced industrial city.”

Recently, Pohang City has prepared plans to secure industrial water, electricity, and other industrial complex infrastructure through continuous consultations with related organizations and central government agencies such as Korea Electric Power Corporation, Korea Water Resources Corporation, and Korea Land and Housing Corporation to support smooth business activities of companies located in the Yeongilman General Industrial Complex and Blue Valley National Industrial Complex.

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