Ecopro BM, a leading battery cathode materials producer, has disclosed plans to invest KRW 473.2bn ($420m) in its Pohang base in South Korea and a further CAD 156.2m in its Canadian subsidiary, Ecocam Canada. The announcements came as the company moves to expedite the expansion of its operations domestically and internationally.
The investments in Pohang are slated for the new CAM8 and CAM9 plants, announced earlier this year, which are projected to commence operations in the second half of 2024. The company's first overseas cathode material plant in Hungary intends to begin mass production in Q1 2025. . .
