[Alpha Biz=(Chicago) Reporter Paul Lee] INNOX Advanced Materials will establish a manufacturing plant for secondary battery materials in Cheongju, Chungbuk.

Chungbuk-do, Cheongju-si, and Innox Advanced Materials signed an investment agreement on the 29th.

Under the agreement, INNOX Advanced Materials will invest 440 billion won to build a lithium hydroxide manufacturing plant in the Ochang Technopolis Industrial Complex by 2028. The creation of 150 new jobs is also expected.

INNOX Advanced Materials is an information technology company that develops and manufactures organic light emitting diode materials, circuit materials, and semiconductor materials based on polymer synthesis and mixing technology. Recently, we have expanded our business to the secondary battery material field.