SEOUL, June 12 (Korea Bizwire) — SKC Co., a South Korean manufacturer of advanced materials, signed Monday a preliminary agreement with the government of Vietnam’s Hai Phong city to explore potential investment in advanced materials for secondary batteries, semiconductors and other green sectors. Under the memorandum of understanding, SKC will consider ways to invest in [...]
SEOUL, June 12 (Korea Bizwire) — LG Chem Ltd., a major South Korean chemicals firm, said Sunday it has signed an agreement with cosmetics company Cosmax Co. to enhance collaboration in developing and marketing eco-friendly cosmetics containers. Cosmax is an original design manufacturer (ODM) with a customer base of some 1,000 global cosmetics companies including [...]
SEOUL, June 7 (Korea Bizwire) — LG Energy Solution Ltd. said Wednesday it has clinched an agreement with an Australian battery materials company to develop artificial graphite, a key component for secondary batteries, accelerating efforts to bolster the sourcing of core battery materials. The joint development agreement was signed with Novonix Ltd., a Brisbane-based tech [...]
PLANO & SEOUL, June 6 (Korea Bizwire) — Electric vehicle super-fast charger manufacturer SK Signet has established a production base in Texas to take advantage of the “Buy America” policy, which promotes American-made products. On Monday morning, the company held a ceremony to celebrate the completion of its first U.S. production plant in Plano, Texas. [...]
SEOUL, June 2 (Korea Bizwire) — POSCO Future M Co. said Friday it has agreed with U.S. General Motors Co. to build a facility to manufacture precursors, expanding the joint venture into the intermediate battery material. Ultium CAM, the joint venture between the two companies, will seek to complete the precursor plant by 2026, in [...]
SEOUL, May 31 (Korea Bizwire) — LG Chem Ltd. said Wednesday it broke ground for its fourth carbon nanotube (CNT) plant in South Korea, to more than double output of the key industrial material in the next few years. The CNT 4 plant, to be located in LG Chem’s Daesan complex, in Seosan, about 83 [...]
SEOUL, May 30 (Korea Bizwire) — Hanwha Aerospace Co. said Tuesday it is joining a US$50 million fund for a U.S. materials science company that owns a unique nano-coating technology for secondary batteries and energy storage systems for use in mobility vehicles and commercial vessels. Hanwha Aerospace is participating in a round of Series C [...]
SEOUL, May 30 (Korea Bizwire) — SKC Co., an advanced materials maker under South Korea’s SK Group, said Tuesday it is joining hands with steel giant POSCO Holdings Inc. to develop next-generation secondary battery components as part of efforts to boost competitiveness in the rapidly growing industry. SKC and POSCO signed a comprehensive business agreement [...]
SEOUL, May 30 (Korea Bizwire) — POSCO Future M Co., a major South Korean manufacturer of secondary battery materials, said Tuesday its joint venture with General Motors Co. has secured C$300 million (US$221 million) in funding from the Canadian government for their envisioned cathode plant in Quebec. Canadian Industry Minister Francois-Philippe Champagne made the announcement [...]
SEOUL, May 29 (Korea Bizwire) — South Korea’s battery industry is aggressively recruiting talented employees to address the supply-demand gap. LG Energy Solution Ltd. maintains a year-round talent pool for both new graduates and experienced professionals through its dedicated recruitment website. The battery manufacturer is also actively seeking recruits on a global scale. Last month, [...]