Enchem to Build Its Second European Electrolyte Production Plant in Hungary
A South Korean battery materials manufacturer Enchem plans to build its second electrolyte production plant in Hungary and build recycling production facility as well. Also, other South Korean battery materials manufacturers such as Dongwha Electrolyte and EcoPro BM are strengthening their cooperation models with local companies in Europe. South Korean battery manufacturers are actively targeting local markets in Europe in order to meet the European Union’s plan to promote the battery industry in Europe.
According to the industry on Thursday, Enchem is currently preparing to build an electrolyte production plant in Komarom, Hungary. It is reported that the plant’s annual production capacity is expected to be 20,000 tons which is same as the company’s first European plant in Poland that supplies electrolytes to LG Energy Solution.