SEOUL, Aug. 7 (Korea Bizwire) — Lotte Energy Materials Corp. said Monday it is spending 560 billion won (US$431 million) to build a factory in Spain to produce battery-grade copper foil for use in electric vehicle cells. The factory will be located in Mont-roig del Camp, a town in Catalonia in northeastern Spain, and built [...]
SEOUL, Aug. 7 (Korea Bizwire) — SK Nexilis Co., a South Korean copper foil maker, said Monday it has signed a deal with German battery manufacturer Varta A.G. to exclusively supply its product for what will be Varta’s first mass production of electric vehicle (EV) batteries. SK Nexilis said it is also in talks with [...]
SEOUL, July 31 (Korea Bizwire) — SKC Co. said Monday it is teaming up with Japan’s Toyota Tsusho Corp. for a joint venture to produce and supply battery-grade copper foil in North America, advancing into the world’s most burgeoning electric vehicle (EV) market. Under the memorandum of understanding, SK Nexilis Co., SKC’s copper foil-making subsidiary, [...]
SEOUL, July 4 (Korea Bizwire) — Lotte Energy Materials Corp. aims to boost its global market share in high-end copper foil manufacturing to 30 percent over the next five years, with a push to expand its presence in Europe and North America, its CEO said Tuesday. The new copper foil unit under South Korea’s Lotte [...]
JEONGEUP, Oct. 12 (Korea Bizwire) — Thin layers of orange-red copper films were instantly coated on the surfaces of large titanium drums rolling slowly in electrically charged water tanks in the fifth factory of SK Nexilis Co. The process, called electroplating, is a critical part determining the quality of the copper foil, a core component [...]
SEOUL, Oct. 11 (Korea Bizwire) — Lotte Chemical Corp. said Tuesday it is acquiring a major stake in a leading South Korean copper foil producer for 2.7 trillion won (US$1.88 billion) as part of efforts to advance into the battery components sector. Lotte Chemical signed a stock purchase agreement to take over a 53.3 percent [...]
SEOUL, Nov. 15 (Korea Bizwire) — Solus Advanced Materials Co., a South Korean battery foil maker, said Monday it has purchased a copper foil plant site in Canada as part of efforts to tap into the North American market. The company, formerly known as Doosan Solus, said in a regulatory filing that it acquired the [...]
SEOUL, May 26 (Korea Bizwire) — SK nexilis Co., a chemical unit of South Korean conglomerate SK Group, said Wednesday it will build a new copper foil factory in Europe to meet growing demand for the essential material for rechargeable batteries. SK nexilis, the copper making unit under SKC Inc. said it will expand its [...]
SEOUL, May 16 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading car battery maker, said Sunday it will invest 40 billion won (US$35 million) in a Chinese copper foil company for a stable supply of the core battery material. LG Chem will make the investment in a stake of Jiujiang DeFu Technology, China’s third-largest [...]
SEOUL, March 22 (Korea Bizwire) — SKC Inc., the chemical unit of South Korean conglomerate SK Group, said Monday it will spend 700 billion won (US$620 million) to build its first overseas manufacturing factory for copper foil, one of key materials for electric vehicle batteries, in Malaysia. SKC and its copper foil making unit, SK [...]