Donghwa Electrolyte to Establish 20,000-Ton Electrolyte Production Plant in Hungary

Near Secondary Battery Manufacturers Including Samsung SDI
"Expectations for Smooth Material Supply Chain Establishment"

(Photo from left) Lee Si-jun, President of Dongwha Enterprise Chemical Division, Han Seong-ho, Executive Director of Dongwha Electrolite Management Division, and Kim Jeong-su, Executive Director and Head of Dongwha Enterprise Chemical Research Institute, attended the 'Dongwha Electrolite Hungary Investment Presentation' held in Budapest, Hungary on the 3rd local time via video conference and took a commemorative photo. At the event, (from the left inside the screen clockwise) P?ter Szijj?rt?, Minister of Foreign Affairs and Trade of Hungary, Aradszki Andr?s, State Secretary for Energy and Member of Parliament of Hungary, and R?bert Esik, Director of the Hungarian Investment Agency, participated. Photo by Dongwha Electrolite

[Asia Economy Reporter Moon Hyewon] Dongwha Electrolite, a subsidiary of Dongwha Enterprise, announced on the 4th that it will establish a production plant for electrolyte, a core material for secondary batteries, and an NMP (N-Methyl Pyrrolidone) refining plant in Hungary.

The electrolyte plant will begin construction next month and plans to start pilot production from May next year, while the NMP refining plant will start construction in December this year and is scheduled to be completed by June next year. The total investment amount is approximately 45 billion KRW.

The electrolyte plant will have a capacity of 20,000 tons, and once fully operational, Dongwha Electrolite will have an annual electrolyte production capacity of 53,000 tons across all domestic and overseas business sites.

The NMP refining plant will recover waste NMP generated from the battery manufacturing process by secondary battery finished product manufacturers, process it into refined NMP, and supply it to secondary battery manufacturers. Upon completion, it will handle approximately 20,000 tons of waste NMP annually.

Dongwha Electrolite’s Hungary plant will be built on a 37,000 square meter (3.7 ha) site in the S?s-k?t area near Budapest. Hungary hosts battery plants of Samsung SDI and SK Innovation and serves as a forward base supplying batteries to European electric vehicle manufacturers. Dongwha Electrolite expects that once the plant is completed in the S?s-k?t area adjacent to these companies, it will enable smooth material supply to secondary battery finished product manufacturers.

Lee Si-jun, Head of Chemicals at Dongwha Enterprise, said, “We decided to proceed with the construction of Dongwha Electrolite’s Hungary plant to actively respond to the increasing demand for electrolyte and NMP in the European secondary battery market.”

Meanwhile, Dongwha Electrolite was exclusively invited to an investment presentation hosted by the Hungarian Ministry of Foreign Affairs and Trade in Budapest on the 3rd (local time). Considering the COVID-19 situation, the company attended via a non-face-to-face video conference.

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