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Doosan Invests EUR 100 million in Battery Copper Foil Plant

Metal News - Published on Thu, 08 Nov 2018

Image Source: Budapest Business Journal
Hungary Today reported that South Korean conglomerate company Doosan is investing 32 billion forints (EUR 100m) in a battery copper foil plant in Tatabánya, in western Hungary.

Hungary foreign affairs and trade minister, Mr Peter Szijjarto said that the company is receiving a 4.7 billion forint government grant for the project. The plant will make Doosan the sole supplier of battery copper foil, a key component of electric vehicle batteries, in Europe.

Mr Jongwoo Kim, the head of European operations of Doosan, said construction work on the plant will start this year and is expected to be completed during the second half of 2019.

Source :

Posted By : Rabi Wangkhem on Thu, 08 Nov 2018
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