Another investment related to battery production in Hungary - VIDEO REPORT

Another investment related to battery production in Hungary - VIDEO REPORT

Iljin Materials

South Korea's Iljin Materials will establish its first European production unit in Hungary, where copper thin foil will be produced for batteries of electric cars. The investment, worth more than EUR 11 million, will be implemented in Gödöllő and the plant will deliver to Samsung SDI and LG Chem, among others.

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Iljin Materials is the world leader in the production of so-called Elecfoil used in secondary lithium-ion batteries and IT devices. Elecfoil is a copper foil with a thickness of less than 10 micrometers, which is used, for example, in batteries for electric vehicles. Its biggest customers include Samsung SDI, SK, BYD and LG Chem.

As part of the investment in Gödöllő, a 5,000-square-metre production hall with a monthly capacity of 320 tons will be built. The process planned here is the last phase of the processing of the copper foil, namely its cutting.