LS Cable & System to Mass-Produce New Copper Material for Copper Foil at Gunsan New Factory Within This Year

World's First Independently Developed New Material Production

LS Cable & System will begin full-scale production this year of 'CuFlakeTM,' a new copper material for copper foil that it independently developed for the first time in the world.

After signing the 'Copper Foil Material Factory Investment Agreement' at Jeonbuk Provincial Office on the 25th, (from left) Park Jong-bae, Head of Jeonbuk Headquarters of Korea Industrial Complex Corporation, Kim Kwan-young, Governor of Jeollabuk-do Special Self-Governing Province, Lee Sang-ho, CEO of Korea Future Materials Co., Ltd., and Kang Im-jun, Mayor of Gunsan City, are taking a commemorative photo. / Photo by LS Cable

On the 25th, LS Cable & System announced that its subsidiary, Korea Future Materials Co., Ltd., signed an agreement with Jeollabuk-do Special Self-Governing Province, Gunsan City, and Korea Industrial Complex Corporation to invest in the construction of a CuFlake production plant.

The new plant will be built on a 16,576㎡ (approximately 5,014 pyeong) site within the Gunsan National Industrial Complex in Jeollabuk-do, with a total floor area of 7,935㎡ (approximately 2,400 pyeong). Construction is scheduled to begin in May, with mass production starting in December. The investment amount is approximately 36 billion KRW.

Korea Future Materials Co., Ltd. decided to invest in Gunsan considering the proximity to major copper foil companies, the active investment environment related to secondary batteries in Jeollabuk-do and Gunsan City, and the proactive support for companies.

Lee Sang-ho, CEO of Korea Future Materials Co., Ltd., said, "With the construction of the Gunsan plant, we will be able to supply high-quality copper foil materials stably," adding, "We will expand eco-friendly material businesses such as rare earth permanent magnets and aluminum parts for electric vehicles (EV) in collaboration with affiliates like LS Eco Energy and LS Mtron."

CuFlake, the raw material for copper foil, is characterized by using flakes instead of copper wire, which drastically reduces the processing steps. Since it does not require cutting and cleaning processes to remove impurities, process costs can be significantly reduced.

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