On August 30, the completion and delivery service of "POSCO - Huayou Coexisting Fund" - Public Welfare Project of Floodlit Court in Lijianong Village was held. It symbolizes that the two enterprises cooperate to construct and invest in another project of the beautiful village of the location.
"POSCO - Huayou Coexisting Fund (namely "the Charity Fund", directly translated from the Korean)" was cooperatively established by South Korean POSCO and Zhejiang Huayou Cobalt Co., Ltd. in 2020. Both parties plan to provide 20,000 US dollars respectively per year for the public welfare project. The project of 2021 is settled in Tongxiang. In order to enliven the cultural and sports activities of Lijianong Village and surrounding residents, all the public welfare funds were used to construct the basketball field of Lijianong Village, Fengming Street, Tongxiang City.
POSCO is among the world top 500 enterprises, which produces various advanced steel projects; it is one of the biggest steel manufacturers in the world. Zhejiang Huayou Cobalt Co., Ltd. is a listed company within Tongxiang Economic Development Zone. It is the biggest manufacturing enterprise of cobalt chemicals in the world, and it is devoted to becoming the global leader of lithium battery new energy materials. Zhejiang Huayou POSCO New Energy Material Co., Ltd. and Zhejiang Puhua New Energy Material Co., Ltd., which were jointly set up by POSCO and Huayou Cobalt in 2018, are located in Lijianong Village, Tongxiang Economic Development Zone (Gaoqiao Street), which produces the exclusive precursors and positive electrode materials for lithium power new energy batteries respectively. Phase I of the project was completed and put into operation at the end of 2020.
The public welfare project not only embodies Huayou's investment idea of "making positive contributions to the local place wherever it invests and constructs", but also witnesses the friendship of the two enterprises in the process of jointly developing and benefiting local villagers. Two enterprises will continue to implement the policy of strengthening both enterprises and villages in the location, positively optimize the cultural and sports facilities and environments for villagers around the enterprises, and make new contributions to "co-building beautiful villages and sharing healthy life".
