- On April 14, CEO Kwon visited POSCO Chemtech's anode material factory in Sejong City and motivated employees
- POSCO Chemtech will become capable of producing 30000 tons of anode materials by 2020
POSCO CEO Ohjoon Kwon, who has been working on
improving profitability of the company's non-steel business since he took office
for the second term last March, said he would build a smart factory to automatically
produce the world's best quality anode materials for secondary cell batteries.
CEO Kwon visited POSCO Chemtech's anode material
factory in the Jeonui Industrial Complex in Sejong City on April 14, and took
a tour of new facilities and production lines to provide motivation to the employees
"We need to continue our R&D and investments
to preempt the anode material market where demand for mid- to large-sized secondary
cell batteries for electric vehicles and ESSs (Energy Storage Systems) among
others is growing rapidly", CEO Kwon said. “We will build an intelligent
smart factory that will automatically produce the world's best quality anode
materials and secure future competitiveness based on the factory."
Over the past 50-plus years, POSCO Chemtech has
accumulated technological know-how and experience in the sector of basic industrial
materials such as primarily producing refractories and quicklime and entering
the coal chemical industry which is the production base for coal tar and crude
light oil. Based on this know-how, POSCO Chemtech succeeded in mass-producing
anode materials for high-capacity batteries for electric vehicles by making
a foray into the natural graphite anode material business.
Since then, the company has expanded its
production capacity to 6000 tons with continuous technological development and
investment. The company plans to build a system with a total production capacity
of 30000 tons by 2020 to become a global rechargeable battery material company
with 200 billion won in sales.
Aside from POSCO Chemtech which produces anode
materials, POSCO is supplying major materials for secondary cell batteries by
establishing POSCO ESM, which produces cathode materials.
To top it off, in February, pursuant to the stable
supply of lithium, a material for cathode materials, POSCO completed a lithium
production (PosLX) plant, which produces lithium carbonate from lithium phosphate
which is extracted from waste secondary batteries at Gwangyang Works.
Meanwhile, CEO Kwon has been managing POSCO Daewoo
and POSCO E&C by going to Songdo on a weekly basis, where POSCO Daewoo and
POSCO E&C are located, ever since a general shareholders meeting was held
in March, to increase the competitiveness of the group's non-steel division.
The CEO has also been visiting sites of the 'Innovation POSCO Project which
aims at enhancing affiliates' competitiveness and mentoring the employees there.