Jeongeup-si-Jeonbuk-do-SK Nexilis Co., Ltd., 120 Billion Won Scale 6th Factory Investment Agreement

[Asia Economy Honam Reporting Headquarters Reporter Kim Jaegil] Jeongeup City in Jeonbuk announced on the 1st that it has signed a 120 billion KRW investment agreement for the expansion of Plant 6 with SK Nexilis Co., Ltd., which possesses world-class technology in the copper foil sector, along with Jeonbuk Province.

This decision to additionally expand Plant 6 in the Jeongeup 3rd Industrial Complex came seven months after signing a 121.2 billion KRW investment agreement for the expansion of Plant 5 last October.

The agreement ceremony was held at the Jeonbuk Provincial Government Office, attended by Mayor Yoo Jinseop, Jeonbuk Governor Song Hajin, SK Nexilis CEO Kim Youngtae, and 13 others.

According to the agreement, SK Nexilis will begin construction of Plant 6 in August this year, aiming for completion in the first quarter of 2022, investing 120 billion KRW on an existing vacant site of 25,300㎡.

This expansion plan aims to increase high-quality copper foil production capacity to proactively respond to the rapidly growing market demand.

As a result, about 51 new jobs are expected to be created, contributing to the revitalization of the local economy.

Once Plant 6 is completed and operational, it will enable an annual production of 9,000 tons of copper foil, bringing SK Nexilis's total annual copper foil production capacity to 52,000 tons.

Kim Youngtae, CEO of SK Nexilis, expressed gratitude, saying, “We thank Jeongeup City and Jeonbuk Province for their unwavering support for businesses. We will do our best to contribute to the revitalization of the local economy based on this expansion investment, as warmly welcomed.”

Mayor Yoo Jinseop stated, “SK Nexilis's investment decision will greatly help create jobs and revitalize the local economy in our city. We will actively cooperate with all necessary administrative matters so that SK Nexilis can grow into a global company.”

Meanwhile, SK Nexilis is a subsidiary of SKC, which acquired KCFT, a specialized copper foil manufacturer, in March.

Last October, SK Nexilis showcased its technology to mass-produce the world's thinnest ultra-thin copper foil at 4㎛ thickness, with a 1.4m wide roll and the world's longest length of 30km.

Earlier this year, it completed the expansion of Plant 4 and continues its rapid progress to establish itself as a world-class copper foil manufacturer.

This content was produced with the assistance of AI translation services.