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Gyeongsangbuk-do signed MOU with P&T to attract 75 billion won in investment
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- P&T holding the largest market share in roll-to-roll technology for secondary cells in Korea -
- Scheduled to build a new plant in 106,038 square meters of land of the 4th industrial complex in Gumi from 2020 to 2022, employing 80 workers -

◦ Gyeongsangbuk-do and Gumi-si signed a MOU at the Gyeongsangbuk-do provincial government building er the condition of 75 billion won in investment and employment of 80 workers with Governor of Gyeongsangbuk-do Lee Cheol-woo, Mayor of Gumi-si Jang Seyong, P&T CEO Kim Joon-sup, Vice Chairman of the Provincial Assembly Kim Bong-kyo, and a member of the Provincial Assembly Kim Deuk-hwan in attendance.

◦ d on the MOU, P&T will build a factory of 72,976 square meters for manufacturing equipment for secondary battery production for three years from 2020 to 2022 in a site of 106,038 square meters in the fourth industrial complex of Gumi.

◦ The new investment will on manufacturing facilities to coat, press and slit medium and large electrode equipment that produces cathodes, anodes and separation membranes, which are the key materials for small (IT devices) and medium-sized (electric vehicles & energy storages) secondary cells with the roll-to-roll technology.

◦ The investment will be made as the demand for electric vehicles has increased due to the European CO2 reduction policies, and the secondary cells and semiconductor manufacturing lines need to be expanded to meet the demand of the European market.

◦ According to P&T sources, roll-to-roll equipment is used for processing optical films and secondary battery materials to add new functions by ing, coating, and applying certain materials while the rotating roll is being wrapped with thin substances such as film or copper foil.

◦ The sources said that the processing is a high value-added sector with far higher productivity thanks to the advantages of properly adjusting tension, maintaining precision, and transferring at high speed, compared to existing work processes done by sheet.

◦ Since its establishment in 2003, the No.1 company in the domestic roll-to-roll facility technology for secondary batteries has earned 256.7 billion won in sales. In addition, it was listed on KOSDAQ in 2012 and ed as one of World Class 300 companies in 2017. The global company is a rare semiconductor equipment exporter in the regions that has achieved an average growth rate of 20 percent or more from 2012 to 2018.

◦ The demand for roll-to-roll equipment for secondary battery facilities is expected to be steadily increased due to a continued rise in need for electric vehicles from many countries aro the world, including China, a continued expansion of the eco-friendly renewable energy market, and a continued growth of ESS industry.

◦ Gyeongsangbuk already attracted large companies that produce anode and cathode materials: EcoPro BM (Pohang) in 2018, POSCO Chemical (Pohang) and LG Chem (Gumi) in 2019. As a result, our province will become a hub of producers of main materials for secondary cells.

◦ Mayor Jang Se-yong said, “Amid the global economic slump, we appreciate P&T’s decision for the investment in the roll-to-roll facility manufacturing business to be applied to high-tech technologies in the future, and we won’t spare administrative and financial support so that this year can be a turning point for another leap for Gumi.”

◦ “I express my gratitude to P&T to become the New Year’s first investor, despite the struggling economy, and hope all companies investing in our province continue to thrive in the coming year and create more quality jobs,” said Governor Lee Cheol-woo.

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