Ecopro Holding Establishes Global Resources Division to Manage Lithium and Nickel...

High Investment Costs and Risks Demand Proactive Measures

EcoPro is accelerating the establishment of a global resources office within its holding company and proactively investing overseas to secure key resources necessary for the production of secondary battery materials such as lithium and nickel. The strategy is to strengthen investments not only in Indonesia, where it has previously invested, but also in resource-advanced countries like Australia.

EcoPro recently announced on the 9th that it plans to accelerate resource investments by establishing a global resources office through an organizational restructuring. Last March, EcoPro strengthened its resource investment business by approving an amendment to its articles of incorporation at the shareholders' meeting to add "domestic and overseas resource exploration, extraction, and development business" as a business purpose.

Regarding the reason for establishing the global resources office directly under the holding company, EcoPro explained, "Securing minerals requires large investments and involves high risks, so a long-term and specialized investment plan is necessary," adding, "This is to fully activate a long-term plan as a business holding company."

Employees are taking a commemorative photo at QMB, an Indonesian smelter in which EcoPro invested shares, on August 16 last year, marking the first receipt of nickel. Photo by EcoPro

EcoPro appointed a key executive with extensive experience in resource development from a major conglomerate trading company as the head of the global resources office. The global resources office plans to actively secure key minerals such as nickel and lithium through equity investments in mines and long-term supply contracts. It will also pursue partnerships with overseas companies for investments in foreign refineries and mines.

EcoPro officials stated, "EcoPro will continue to strengthen its expertise in battery raw materials and vigorously discover overseas projects to further accelerate the establishment of a global raw material supply chain for the group's sustainable growth."

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