Iljin Materials to build battery plant in Hungary
Posted : 2020-12-18 17:48 By Kim Jae-heun
Iljin Materials, an electronic and chemical materials subsidiary of Iljin Group, is planning to build a copper foil processing plant in Hungary.
According to the chemical industry and the Hungarian Ministry of Foreign Affairs, Thursday, Iljin Materials Hungarian office head Kim Byung-chan and the local foreign minister met to discuss the construction of the factory.
Iljin Materials has secured land in Budapest and invested 15 billion won to begin building the foil production facility there, which is scheduled for the first quarter of next year.
The Hungarian facility will first process copper foil made at plants in Ilsan, Gyeonggi Province and Malaysia and later build melting and baking lines.