POSCO Future M, a key subsidiary of South Korea’s POSCO Group, has officially selected Song Cong II Industrial Park (Viglacera) in Thai Nguyen Province as the location for its first large-scale battery materials plant in Vietnam. The project is also described as POSCO’s first overseas cathode-material production base, reflecting the group’s push to strengthen battery supply chains as global clean-energy manufacturing shifts across regions.
POSCO Group, founded in 1968 and known as one of the world’s leading steel producers, has expanded into sectors including energy, automotive components and equipment, and batteries. Within this ecosystem, POSCO Future M is positioned as the only Korean company capable of producing both cathode and anode materials, making it a strategic link in the global supply chain serving major electronics and electric vehicle players.
In the context of rising urgency to stabilize battery-material supply chains, the company said it has been discussing battery materials with customers and is pursuing strategic investment to expand production scale and competitiveness.
A key step in the project timeline was the signing of a principle land lease agreement at Song Cong II Industrial Park (Viglacera) on April 9, 2026, confirming the site selection after a period of survey and evaluation.
The planned facility will cover 37 hectares with total investment of over USD 400 million.
Key timeline and capacity targets:
Groundbreaking: expected in the second half of 2026
Production start: targeted for 2028
Designed capacity: 55,000 tons per year
Expansion path: phased scaling as additional orders come in
The plant is expected to serve as a major battery-material supply hub for leading electric vehicle groups in the United States, the EU, and South Korea.
For investors tracking Vietnam’s industrial development, the project is a clear indicator of the country’s growing role in the clean-energy and EV battery supply chain, driven by a combination of cost competitiveness, infrastructure readiness, and industrial park ecosystems that can meet the technical requirements of large-scale advanced manufacturing.
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