POSCO FUTURE M

"Toward the future energy that will change the world" POSCO Chemical is striving to secure technological leadership for the development of core materials for rechargeable batteries.

- 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 takes over shares of spherical graphite company of China for sourcing stability

Outdoor basketball court has been made in Tongxiang, China, where battery cathode-precursor JV located of both companies

- 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

KRW 281 billion to be spent on cathode and precursor production with capacity of 30 thou. tons respectively

- 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.”

- The company records 480 billion won in sales and 35.6 billion won in operating profit in Q2 - Cathode business accounts for 35% of the enterprise business, driving growth as a new flagship sector

- POSCO Chemical concludes an investment deal for a 60,000-ton cathode plant with Gyeongsangbuk-do and Pohang, accelerating investment - Will build a global production system of 270,000 tons by 2025, with 160,000 tons from Korea and 110,000 tons overseas, aimed at becoming the world’s top-tier producer - POSCO Chemical CEO Min Kyung-zoon said, “We will build the most competitive production base in the world and lead the K-battery industry.”