Investment memorandum of understanding (MOU) signed between South Chungcheong Province, Dangjin City, and Songwoo EM

2024-04-17

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Songwoo EM Co., Ltd. (hereinafter referred to as Songwoo EM) signed an investment agreement worth a total of 200 billion won with South Chungcheong Province and Dangjin City at the South Chungcheong Provincial Office on February 19, 2024.


With the signing of this agreement, Songwoo EM will establish a new secondary battery cathode material factory, including natural nodular graphite, on a 65,699㎡ site in Seokmun National Industrial Complex in Dangjin.


In particular, this investment is attracting attention in that it focuses on new businesses for the next generation.


Songwoo EM said that it had found a suitable location in Dangjin for a factory for mass production of core secondary battery materials.


Governor Kim Tae-heum, a Chungcheongnam-do city resident, said, “With this agreement, Chungnam will increase the competitiveness of its main industries, such as secondary batteries, and secure future food sources.” He emphasized that he will provide strong support for your investment by creating an environment, and Dangjin City Mayor Oh Seong-hwan said, “We will establish active corporate support policies so that innovative and competitive companies can come to Dangjin, and we will do our best to make Dangjin a good place to solidify its industrial foundation.” “I will do my best,” he said.

Songwoo Eco Materials Co., Ltd.

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