Iljin Materials, 300 Billion KRW New Investment in Malaysian Subsidiary
[Asia Economy Reporter Oh Ju-yeon] Iljin Materials announced on the 24th that its Malaysian overseas subsidiary IMM TECHNOLOGY SDN. BHD. has decided on a new facility investment worth 300 billion KRW. The company explained, "This is a new facility investment for anode current collectors (I2B) to respond to the growth of the secondary battery market, aiming to expand production capacity by 20,000 tons." The investment period is from June 24, 2020, to June 30, 2021.
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