First Vice-Minister Kang Kyung-sung of the Ministry of Trade, Industry and Energy visited the POSCO Future M’s artificial graphite anode factory in Pohang on the 17th as part of his first field activity since taking office to inspect the secondary battery material supply chain.
Thanks to the growth of its battery materials business, POSCO Chemical has achieved the highest level of business performance since its foundation, exceeding 3 trillion KRW in annual sales.
POSCO Chemical has had an inauguration ceremony for its 18th president, Kim Jun-hyung, who at the ceremony emphasized safety management and the securing of sustainable competitive advantages.
◈ Successful financing with a 103% subscription rate, far exceeding the target amount
◈ The largest paid-in capital increase in POSCO’s history with exceptional evaluation by investors for competitive business and growth potential after securing essential raw materials
◈ Investment to increase production capacity to respond to the soaring global demand for secondary cell materials
◈ Aiming to achieve 20% in world market share and 23 trillion won in sales by 2030
◈ POSCO Chemical to supply cathodes worth 1.8533 trillion won for three years starting in 2020
◈ The company is to accelerate entry into the EV battery materials market with high-nickel cathodes
◈ The close partnership will help secure a stable supply of essential materials and take the business to new heights