- On the 17th, a signing ceremony for salary agreements without negotiation was held at POSCO Chemical's head office in Pohang, South Korea
- POSCO Chemical continues to hold the record for achieving salary agreements without negotiation for the longest period of time among South Korean companies with 1,000 or more employees
- The representatives from both parts agreed to be focused on investment and business capabilities
- POSCO Chemical has acquired a 13% stake in Qingdao Zhongseok Zhongshuo, thereby ensuring the reception of raw materials for anodes from 2022 onwards
- The move is a response to client diversification and increased orders being made due to technological development, such as low-expansion anodes for electric vehicles that combine the advantages of natural and artificial graphite
- POSCO Chemical has established an anode business value chain covering the mining of raw POSCO Chemical will be investing in spherical graphite to attain the stable supply of anodes, a key material for making batteries.
- POSCO Chemical to reinforce competitiveness in anodes on the basis of domestic production of raw materials for secondary cells
- 74.5 billion won of investment made for a production capacity of 15,000 tons
- P&O Chemical, a joint venture with OCI, expected to expand business and create new revenue
- Investment of 218.1 billion won in expanding cathode and precursor plants with an annual capacity of 30,000 tons each
- First entry into the overseas market for secondary cells, with China being selected as the largest battery market in the world
- Expansion in the precursor business, the intermediate material for cathodes, to improve supply and demand stability and internalization rate
- Preparing to establish US and EU corporations to accelerate the building of a global supply chain and strengthen market leadership
- POSCO Chemical CEO Min said, “We will respond preemptively to the fast-changing market to expedite investment.”