SKC Invests 900 Billion KRW to Establish Europe's Largest Copper Foil Factory

Construction of a 50,000-ton Capacity Plant in Poland
Establishing a 250,000-ton Production System by 2025
Expanding Secondary Battery Material Sector for Electric Vehicles

Park Won-chul, CEO of SKC, is delivering a congratulatory speech at the groundbreaking ceremony of the SK Nexilis copper foil factory held on the 7th (local time) at the E-Mobility Industrial Complex in Stalowa Wola, Poland.

[Asia Economy Reporter Oh Hyung-gil] SK Nexilis, an investor in SKC's copper foil business for secondary batteries, has begun construction of the largest copper foil factory in Europe in Poland.

On the 7th (local time), SK Nexilis held a groundbreaking ceremony for the copper foil production plant at the 'E-Mobility' industrial complex in Stalowa Wola, Poland, and started construction. They will invest a total of 900 billion KRW by the first half of 2024 to build a factory with a production capacity of 50,000 tons. It is said to be the largest copper foil factory currently operating or planned in Europe.

SK Nexilis plans to start full-scale mass production in the second half of 2024 after pilot production and customer certification.

The groundbreaking ceremony was attended by key Polish government officials including Deputy Prime Minister Jacek Sasin, Stalowa Wola Mayor Lucjusz Nadbere?ny, and Minister of Infrastructure Andrzej Adamczyk, as well as Ambassador Im Hun-min of South Korea to Poland, SKC President Park Won-cheol, and SK Nexilis CEO Lee Jae-hong.

Polish President Andrzej Duda conveyed his gratitude through a video message, saying, "It is very pleasing news that SK Nexilis, one of the leading companies in the global E-mobility market, is conducting its innovative technology business in Poland," and added, "I hope it creates new jobs and contributes to Poland's development."

On the 7th (local time), at the groundbreaking ceremony of the SK Nexilis copper foil factory held at the E-Mobility Industrial Complex in Stalowa Wola, Poland, key attendees are listening to a video message from Andrzej Duda, President of Poland. From the left: Jae-Hong Lee, CEO of SK Nexilis; Won-Cheol Park, President of SKC; Jacek Sasin, Deputy Prime Minister of Poland; and Hoon-Min Lim, Ambassador of Korea to Poland.

The Poland factory will serve as a key hub in the European region. It is located close to major secondary battery manufacturers' factories, offering excellent customer accessibility and enabling timely response to local demand. Additionally, the nearby Rzesz?w University of Technology allows for talent acquisition and industry-academia cooperation. It is also expected to be able to implement 'RE100' by securing power from renewable energy sources.

Furthermore, SK Nexilis has secured a 170,000-pyeong (approximately 561,983 square meters) site within the complex that can be expanded up to a total annual capacity of 150,000 tons, and plans to consider additional expansion in the long term according to the growth of the European market.

The Poland factory is SK Nexilis's second overseas production facility following Kota Kinabalu, Malaysia. They are also promoting the construction of a copper foil factory with an annual capacity of 50,000 tons in North America. SK Nexilis aims to establish a production system with an annual capacity of 250,000 tons by 2025 across Korea, Malaysia, Europe, and North America.

An SKC official said, "The Poland factory will become the top copper foil production base in Europe with large scale, excellent customer accessibility, and ease of securing renewable energy," adding, "We will secure advanced technology through continuous research and development (R&D) investment and establish ourselves as a global leading company."

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