Lotte Infracell Signs Long-Term Supply Contract for Cathode Foil Raw Materials with German Constellium

On the 17th of last month, at the signing ceremony for the long-term supply contract of cathode foil raw materials for secondary batteries, Yeonsu Choi, CEO of Lotte Infracell (front row left), and Jean-Marc Germain, CEO of Constellium (front row right), are taking a commemorative photo. Photo by Lotte Infracell

Lotte Infracell announced on the 24th that it has signed a long-term supply contract for cathode foil raw materials for secondary batteries with Germany's Constellium.

Lotte Infracell and Constellium are strengthening their partnership through a joint investment of 30 million euros (approximately 45 billion KRW) in the Zingen plant in Germany. Constellium plans to supply aluminum strips, the raw material for cathode foil, to Lotte Infracell's Hungary plant from this year until 2031.

Cathode foil is an aluminum foil used as the cathode current collector that determines the capacity and voltage of secondary batteries, which can be repeatedly charged and discharged. As global demand for secondary batteries rapidly expands, automakers, battery manufacturers, and material companies are prioritizing the establishment of stable SCM (Supply Chain Management). Lotte Infracell is continuously expanding production capacity at its Hungary plant to stably supply high-quality cathode foil and is further establishing a stable supply chain for key cathode foil raw materials.

Based on this contract, the two companies plan to further strengthen their global cooperation in Europe for joint research and development, quality improvement, and supply stabilization of cathode foil.

Choi Yeon-su, CEO of Lotte Infracell, stated, "This supply contract with Constellium will contribute to building a European battery material supply chain by securing stable raw material volumes, and we will continue to grow together as strategic partners in the future."

Jean-Marc Germain, CEO of Constellium, expressed, "We appreciate Lotte Infracell's financial support as a leader in the cathode foil market based on excellent technology, and we are very pleased to supply high-quality cathode foil aluminum strips. Our collaboration with Lotte Infracell demonstrates Constellium's expertise in cutting-edge aluminum technology in the electric vehicle market."

The industry views this contract as a perfect match between Lotte Infracell, which has been expanding cathode foil production capacity in Europe, and Constellium, which seeks to secure a stable supply source.

Constellium is a global aluminum manufacturing company leading innovative, high value-added aluminum products across a wide range of industries including aerospace, automotive, and packaging, achieving approximately 10.8 trillion KRW in sales last year.

Meanwhile, Lotte Infracell was spun off as a 100% subsidiary from Lotte Aluminum in April this year to expand and focus more on the secondary battery business. In 2020, it completed the expansion of the cathode foil production line for secondary batteries at the Ansan Plant 1.

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