South Korea’s non-ferrous metal company Young Poong Co. has teamed up with AJ Networks to establish a secondary batteries resource circulation chain in Europe
Young Poong announced on Friday that it had signed a memorandum of understanding (MOU) on strategic collaboration for the global value chain in secondary battery resource circulation with AJ Networks on the previous day.
The MOU signing ceremony was held at the Young Poong headquarters in Seoul's Gangnam-gu and was attended by Young Poong CEO Park Young-min and CEO of AJ Networks' logistics division Park Daehyun.
Both companies will collaborate to promote the commercialization of secondary battery recycling and form a full-cycle supply chain.
AJ Networks will be responsible for the logistics of secondary battery recycling materials in Europe, including used batteries and process scraps.
Young Poong will recover raw materials from waste batteries through dry and wet processes, including lithium, nickel, cobalt, and copper.
Young Poong had previously signed an MOU in August with Lotte Global Logistics for the establishment of a North American secondary battery supply chain.
Write to Mi-Sun Kang at misunny@hankyung.com
South Korea’s non-ferrous metal company Young Poong Co. has teamed up with Lotte Global Logistics Co. to form a supply chain system for recycling lithium-ion batteries.They will expand their battery recycling operations to the global market by integrating their technologies and capabilit
Korea Zinc's Onsan smelter in Ulsan, southeast Korea (Courtesy of Korea Zinc) Young Poong Precision Corp., an industrial pump and chemical plant valve maker under South Korea's Young Poong Group, is aggressively increasing control over group affiliate Korea Zinc Co.According to a disclosure on
Korea Zinc is the world's largest lead and zinc smelter Shares of Young Poong Precision Corp. are flying high as the company is emerging as the key to the control of Korea Zinc Co., which in turn is the core affiliate of Young Poong Group.Young Poong Precision’s stock surged 20.1% to clos