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Photo = POSCO Holdings |
[Alpha Biz= Reporter Kim Jisun] POSCO Holdings has announced that it will receive ₩1 trillion in financial support from Woori Bank to enhance its competitiveness in battery materials.
On the 23rd, both companies signed a "Financial Support Agreement for Strengthening Core Materials in Secondary Batteries." This agreement allows four of POSCO Group's battery materials subsidiaries—POSCO Pilbara Lithium Solutions (P-PLS), POSCO HY Clean Metal (P-HYCL), POSCO Lithium Solutions (P-LS), and SNNC—to receive a variety of prompt financial support, including credit review, limits, and preferential interest rates, over the next two years.
POSCO Pilbara Lithium Solutions operates the country's first lithium hydroxide production plant based on ore lithium, having completed its first plant last year and set to finish its second this year. POSCO HY Clean Metal completed an eco-friendly battery recycling plant in July last year, while POSCO Lithium Solutions is set to complete a lithium production facility based on an Argentine salt flat next year. SNNC operates a nickel production plant for steel and batteries located in Gwangyang, Jeonnam.
Earlier, in July last year, POSCO Future M signed a similar agreement with Woori Bank to receive ₩2 trillion in financial support over three years for investments in anode and cathode materials and overseas expansion.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
