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POSCO Expands Global Battery Materials With Vietnam Facility
ZACKS· 2026-03-11 13:11
Core Insights - POSCO Holdings Inc. is establishing an overseas artificial graphite anode material plant in Vietnam with an investment of approximately KRW 357 billion, aiming to expand its global battery material supply and secure new international orders [1][6] - The plant in Thai Nguyen is expected to have an annual capacity of up to 55,000 metric tons, with phased expansions based on customer demand [2][6] - Vietnam was chosen for its competitive electricity and labor costs, strong logistics infrastructure, and favorable trade access to key markets like the United States and Europe [3][6] Company Strategy - The new facility will leverage manufacturing expertise from POSCO Future M's existing plant in Pohang, which has an annual production capacity of 8,000 metric tons, to produce cost-competitive products for global customers [2] - The project is anticipated to enhance POSCO Future M's global battery supply chain and diversify production outside South Korea, supporting its goal to become a major supplier of anode materials [3] Market Performance - Shares of POSCO Holdings Inc. (PKX) have increased by 12.2% over the past year, outperforming the industry average rise of 8.2% [3]