[Special Stock] Wonjun Rises on News of 300 Billion Investment to Increase POSCO Silicon Anode Material Tenfold

Wonjun is showing strong performance. It is interpreted that the news of POSCO investing 300 billion KRW to establish a silicon anode material factory has had an impact.

As of 9:34 AM on the 4th, Wonjun is trading at 28,750 KRW, up 5.31% compared to the previous day.

According to industry sources, POSCO Silicon Solution signed a memorandum of understanding (MOU) worth 300 billion KRW with Pohang City and others on the same day to establish a silicon anode material factory with an annual production capacity of around 5,500 tons. POSCO Silicon Solution is known to have continuous production technology for silicon anode materials and has been evaluated as equal or superior to competitors in basic characteristics such as expansion rate.

In January, the holding company POSCO Holdings announced that it would invest 59.1 billion KRW in POSCO Silicon Solution. At that time, it revealed plans to start construction of the first phase production facility for silicon anode materials with an annual capacity of 450 tons in June this year and to complete it in the first half of 2024. With this announcement, the initial investment scale has increased more than tenfold. POSCO Silicon Solution is expected to secure a silicon anode material capacity of more than 25,000 tons by 2030.

Meanwhile, Wonjun is a company providing high value-added advanced material heat treatment solutions. It operates a kiln business that provides heat treatment equipment for the production of secondary battery materials (cathode materials, anode materials) and an engineering business that designs, constructs, and commissions process facilities for secondary battery material processes.

Wonjun's major clients include secondary battery material manufacturers such as POSCO Chemical, LG Chem, and EcoPro BM, which are used for electric vehicle batteries.