Advanced New Material Producer 'ANPoly' Breaks Ground on Headquarters and Factory in Pohang with 20 Billion Won Investment

On the 16th, Gyeongbuk Province held a groundbreaking ceremony for the headquarters and factory of A&Poly Co., Ltd. at the Gyeongbuk Bio Vaccine Industry Specialized Complex Pohang District.

The groundbreaking ceremony was attended by about 100 people, including Yang Geum-hee, Deputy Governor for Economy of Gyeongbuk Province, Lee Kang-deok, Mayor of Pohang, and Han Chang-hwa, a provincial assembly member.

Yang Geum-hee, Deputy Governor for Economy of Gyeongbuk Province (4th from left), Nosangcheol, CEO of AN Poly (5th from right), and Lee Gang-deok, Mayor of Pohang (3rd from right), are participating in the groundbreaking ceremony of the headquarters and factory.

The headquarters and factory, with a scale of 20 billion KRW, will be built on a site area of 1,259 pyeong and a total floor area of 1,340 pyeong, consisting of one basement floor and three above-ground floors. Upon completion in October 2025, it is expected to have an annual production capacity of over 1,000 tons and create more than 30 jobs.

A&Poly Co., Ltd. is a startup founded in a POSTECH laboratory that manufactures eco-friendly advanced new materials. It has been recognized for its technology to produce eco-friendly nanocellulose (fiber) materials from biomass such as rice and chestnut husks, seaweed, and coffee grounds, successfully attracting 19 billion KRW in investment and rapidly growing.

A&Poly Co., Ltd. is a representative success case of the ‘Venture Business Lifecycle Customized Support’ promoted by Gyeongbuk Province. It was selected as one of Forbes Asia’s Top 100 Promising Companies in August last year and won the CES 2024 Innovation Award in the Sustainability category this January.

Gyeongbuk Province, which declared a ‘war against low birth rates,’ is expanding customized support throughout the venture lifecycle, including building startup incubation infrastructure, supporting research and development and global expansion, and creating venture funds, to help startups grow into unicorn companies and create quality jobs.

Yang Geum-hee, Deputy Governor for Economy of Gyeongbuk Province, said, “We will strive to activate the startup innovation investment ecosystem so that anyone with innovative technology can focus on startup and research and development by achieving the early goal of raising 10 trillion KRW for the G-star Fund, a venture investment fund invested by Gyeongbuk Province.”