APEC CEO Summit Global Investment Partnership
Umicore’s Executive Vice President Karena Cancilleri, who oversees the Battery Cathode Materials business unit, attended the Global Investment Partnership ceremony in Korea, highlighting Umicore’s decades-long presence and contribution to the country’s battery materials ecosystem and the transition to electric driving. The Global Investment Partnership provides a platform for global companies to share how they help strengthen the economic and industrial development in Korea as an attractive destination for investment and fostering cooperation. The annual event is organized by the Ministry of Trade, Industry and Resources (MOTIR) and the Korea Trade-Investment Promotion Agency (KOTRA) and was held on October 29th.
Umicore manufactures cathode active materials for electric vehicles and operates its global battery materials R&D center in Cheonan.
“For 40 years now, Umicore’s presence in Korea has been built on trust and partnership. South Korea offers excellent talents and innovation ecosystems, which is why a couple of years ago, Umicore turned its cathode materials R&D center into a global hub, right next to our long-standing manufacturing plant. Combining the strengths of R&D and production we continue to play an important role in battery materials innovation, supporting the competitiveness of the global battery industry and Korea’s role as a central hub for this industry,” said Karena Cancilleri.
In July, Umicore and Korea’s Chungnam Province signed a Memorandum of Understanding as part of Umicore’s earlier announced plans to expand the production capacity of its battery materials plant in Cheonan to 40 GWh, and the Province’s aim to strengthen the region’s advanced materials and technology sectors.
Photo courtesy of the Presidential Office