Donghwa Electrolyte Completes Commissioning of Electrolyte Production Facility in Hungary

Exterior view of Dongwha Electrolite's production base in Hungary.
[Photo by Dongwha Corporation]

[Asia Economy Reporter Kim Jong-hwa] Dongwha Electrolite, a subsidiary of Dongwha Enterprise, announced on the 7th that it has completed the construction of an electrolyte production base in the S?s-k?t (Soskut) area near Budapest, Hungary.

With this completion, Dongwha Electrolite has established its first electrolyte production base in Europe. It is expected to gradually expand its competitiveness in the global battery materials market along with its full-scale entry into Europe.

The total investment amount for the Hungary production base is approximately 50 billion KRW. It was built on a 37,000㎡ (about 11,200 pyeong) site, and an additional 85,000㎡ (about 25,700 pyeong) site has been secured for future expansion in response to increasing electrolyte demand.

The Hungary production base was completed in November last year and completed trial production in February. The annual production capacity is 20,000 tons. Currently, Dongwha Electrolite has an annual production capacity of 33,000 tons at production bases in South Korea, China, and Malaysia. With this completion, the total electrolyte production capacity at domestic and overseas bases has reached 53,000 tons.

Lee Si-jun, CEO of Dongwha Electrolite, said, "With the completion of the Hungary production base, we will showcase Dongwha Electrolite's unique technology and product competitiveness in the continuously growing European battery market and solidify our position in the global market," adding, "We plan to continue investing to leap forward as a global battery materials company."

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