Posco FutureM to produce 1 million tons of cathode materials by 2030 and achieve sales of 43 trillion won = South Korea

Kim Hyun Joon, CEO of Posco Future M (former Posco Chemical), a major South Korean chemical company, said on the 28th, "By 2030, we will produce 1 million tons of
We will become the world's top battery materials company, achieving sales of 43 trillion won (approximately 4.752 trillion yen) and operating profit of 3.4 trillion won (approximately 375.7408 billion yen)."
The company plans to make 36.2 trillion won (approximately 4 trillion yen), or 84% of its target sales, from sales of cathode materials. For this reason, the production capacity of cathode materials will be reduced to 100,500 this year.
000 tons to 1 million tons in 2030. Furthermore, the production capacity of anode materials will be increased from 82,000 tons in 2023 to 370,000 tons in 2030. Supplyche
While moving away from China in China, we plan to promote localization in North America and lead the market in line with the U.S. Inflationary Control Act (IRA). Along with this, we will strengthen production and sales of refractories,
We will strengthen our business and advance into the carbon fiber business to raise our competitiveness. The company is also discussing expanding into Europe, which is one of the three largest markets for batteries along with North America and China. child
In addition, if there is a customer's request, the company will consider constructing a production line for cathode materials for lithium iron phosphate Eon batteries (LFP batteries).