Amidst the significant shift in the global clean energy supply chain, POSCO Future M, a subsidiary of POSCO Group (South Korea), has officially selected the Song Cong 2 Viglacera Industrial Park in Thai Nguyen Province as the site for its first large-scale battery materials manufacturing plant in Vietnam. This project marks the group’s first overseas cathode materials production facility, reaffirming the strong appeal of Viglacera’s industrial parks ecosystem in Vietnam.
Representatives from Viglacera Industrial Park and POSCO Future M signed a land lease agreement at the Viglacera Song Cong 2 Industrial Park.
Founded in 1968 as one of the world’s leading steel manufacturers, POSCO Group has expanded multinationally into sectors such as energy, automotive components and equipment, and batteries. Notably, POSCO Future M is the only South Korean entity capable of simultaneously manufacturing both cathode and anode materials, serving as an essential role in the global supply chains of premier electronics and electric vehicle corporations.
After a thorough survey and extensive research, POSCO Future M decided to establish its first battery material production plant in Vietnam at Song Cong 2 Viglacera Industrial Park. The project covers an area of 37 hectares with a total investment exceeding $400 million, expected to commence construction in the second half of 2026 and begin production in 2028. With an annual capacity of 55,000 tons, the plant will serve as a key supplier of battery materials for top electric vehicle manufacturers in the United States, EU, and South Korea.
The facility at the Song Cong 2 Viglacera Industrial Park is POSCO’s first offshore cathode material production project.
POSCO Future M representatives highly evaluated Vietnam for its superior production and logistics cost advantages compared to regional countries like Indonesia. More specifically, the excellent geological conditions, stable high-capacity power supply, and modern technical infrastructure at the Song Cong 2 Viglacera Industrial Park are key factors that reassure the group in executing its global supply chain expansion strategy.
With a total area of 296 hectares and a prime location adjacent to the Hanoi – Thai Nguyen expressway and Ring road no. 5, Song Cong 2 Viglacera Industrial Park creates an ideal logistics corridor, enabling businesses to quickly connect with key electronics and automotive manufacturing networks in Northern Vietnam. Just over a year after its groundbreaking, the industrial park has successfully attracted numerous high-tech, semiconductor, printed circuit board, and module projects, integrating into the supply chains of Samsung semiconductors. This confidence not only solidifies the position of Viglacera Song Cong 2 Industrial Park as an emerging industrial hub in Northern Vietnam but also serves as a valuable testament to Viglacera’s capabilities and reputation.
With over 25 years of leadership in industrial real estate development and a portfolio of 18 industrial parks in Vietnam, Viglacera has attracted more than $20 billion in high-quality investment from high-tech and semiconductor giants worldwide, including Samsung, Amkor, Hyosung, Hana Micron, Foxconn, BYD, THK, and Canon. In the era of the green economy, Viglacera is committed to providing clean land bank along with green and smart infrastructure, ready to support businesses joining the global production network.
18 Viglacera’s industrial parks are developed with comprehensive technical infrastructure and services.
For more information, please contact:
Viglacera Real Estate Company
Phone: (+84) 888 25 22 88 | Website: https://viglaceraip.com
