POSCO FUTURE M has the longest history within POSCO Group. In 1963, originally named Samhwa Hwasung Co., Ltd., POSCO FUTURE M started as an alkaline refractories producer. In 1994, by merging with Pohang Furnace, an industrial furnace maintenance and construction company, the company transformed into a furnace materials supplier with integrated service offerings, ranging from refractories manufacturing to furnace installation.

After launching a quicklime business to supply the iron and steelmaking material to Pohang and Gwangyang Steelworks, we have become Korea’s largest quicklime producer. Additionally, coke oven gas generated during ironmaking is recycled for our chemical business. Our product offerings include needle coke and pitch coke, essential materials for electric vehicle batteries and electric furnaces for steel industry.

We ventured into the anode active material (AAM) business in 2010, followed by the cathode active material (CAM) business in 2018, carving out a unique position as the only Korean business capable of offering both rechargeable battery components, CAM and AAM. Additionally, we have exclusive knowhow to manufacture artificial graphite from pitch coke, a steelmaking by-product. Finally, in collaboration with other affiliated subsidiaries specialized in lithium and nickel manufacturing, we are able to source requisite raw materials for CAM and AAM. Consequently, POSCO Group has ownership across the full value chain of the rechargeable battery materials business.

POSCO Future M will continue to build Cathode and anode active material plant in Korea, including Pohang, Gwangyang, and Sejong, as well as in China and North America, and will gain superior manufacturing competitiveness through innovation to increase productivity.