POSCO Group (South Korea) invests in a battery materials manufacturing plant of over USD 400 million at Song Cong 2 Industrial Park Viglacera – Thai Nguyen Province
In the context of a strong shift in the global clean energy supply chain, POSCO Future M – a subsidiary of POSCO Group (South Korea) has officially selected Song Cong 2 Industrial Park (IP) Viglacera in Thai Nguyen Province as the location for its first large-scale battery materials manufacturing plant in Vietnam. This is also the group’s first cathode materials production facility overseas, affirming the strong attractiveness of Viglacera’s industrial ecosystem in Vietnam.
POSCO Group (South Korea), one of the world’s leading steel manufacturers since 1968, has now expanded globally and further developed sectors including energy, automotive components and equipment, batteries, etc. Among them, POSCO Future M is the only company in South Korea capable of simultaneously producing both cathode and anode materials, playing an essential role in the global supply chain of leading electronics and electric vehicle corporations.
After a period of thorough survey and research, POSCO Future M decided to choose Song Cong 2 Industrial Park Viglacera to build its first battery materials manufacturing plant in Vietnam. The project has a scale of 37 hectares with a total investment of over USD 400 million, expected to commence construction in the second half of 2026 and begin production in 2028. With a capacity of 55,000 tons per year, the plant will be a key battery materials supply center for leading electric vehicle corporations in the United States, EU and South Korea markets.
A representative of POSCO Future M highly appreciates Vietnam due to its outstanding advantages in production costs and logistics compared to countries in the region such as Indonesia. In particular, favorable geology, stable and high-capacity power supply together with modern technical infrastructure of Song Cong 2 Industrial Park Viglacera are key factors that give the group confidence to implement its global supply chain expansion strategy.
With a scale of 296 hectares and a prime location adjacent to the Hanoi – Thai Nguyen Expressway and Ring Road 5, Song Cong 2 Industrial Park Viglacera creates a perfect logistics corridor, enabling enterprises to quickly connect with the electronics and automotive manufacturing network in key areas of Northern Vietnam. After just over one year since commencement, the industrial park has continuously attracted a series of high-tech projects in semiconductors, printed circuit boards, modules, within the supply chain for Samsung Semiconductor. This trust not only affirms the position of Song Cong 2 Industrial Park Viglacera as a new industrial hub in the North, but also serves as strong evidence of Viglacera’s capability and reputation.
With more than 25 years of leadership in industrial real estate development and 18 industrial parks in Vietnam, Viglacera has attracted over USD 20 billion in high-quality investment capital from global high-tech and semiconductor “eagles” such as Samsung, Amkor, Hyosung, Hana Micron, Foxconn, BYD, THK, Canon.
In the era of green economy, Viglacera is committed to providing clean land funds along with green - smart infrastructure, ready to accompany enterprises in joining the global production network.
For more detailed information, please contact:
Viglacera Real Estate Company
Phone: (+84) 888 25 22 88 | Website: https://viglaceraip.com
