Lotte Energy Mater accelerates construction of smart factory in Spain... Collaboration with Monroichi City

Monroichi Mayor and Director of Trade and Investment Agency Visit Korea
Discuss Administrative Procedures for Permits and Mutual Cooperation Plans

Lotte Energy Materials announced on the 24th that it has signed a business agreement with Monroy City, Catalonia, Spain, and the Catalonia Trade & Investment Agency (ACCIO) to successfully establish a smart factory in Spain.

Earlier, Lotte Energy Materials announced that it would invest a total of 560 billion KRW in Monroy, Catalonia, Spain, to complete a smart factory producing high-end copper foil for electric vehicle batteries with an annual capacity of 30,000 tons by 2025.

Through this business agreement, they plan to simplify various administrative procedures for permits and approvals required for the construction of the smart factory and discuss close mutual cooperation measures, including secondary incentives under the PERTE support policy. PERTE is a strategic industry development project by the Spanish government for economic recovery and transition.

(From left) Fran Morancho Lopez, Mayor of Monroyich, Catalonia, Spain; Kim Yeonseop, CEO of Lotte Energy Materials; Oriol Alcoba Malaspina, Director of the Catalonia Trade and Investment Agency, Spain. [Photo by Lotte Energy Materials]

Fran Morancho Lopez, Mayor of Monroy, said, “The smart factory in Spain is an important project for manufacturing industry and economic development in Monroy, expected to greatly contribute to job creation and revitalization of the local economy,” and added, “We will listen to key issues through the business agreement and provide support where necessary.”

Kim Yeonseop, CEO of Lotte Energy Materials, said, “Based on close mutual cooperation, we ask for much support to establish a long-term partnership so that the smart factory in Spain can become a foothold supplying high-end copper foil to the European market.”

The Monroy site in Spain covers a total area of 440,400 square meters, large enough to accommodate a high-end copper foil production line with a capacity of 100,000 tons. This investment is the first phase of the smart factory expansion project for 30,000 tons. Considering future phased expansions, they plan to secure about 500,000 square meters of land for solar power generation along with prior infrastructure investment.

Based on eco-friendly renewable energy such as solar power, it has a stable power grid and meets the RE100 (Renewable Energy 100) standards required by the European Union (EU).

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