Doosan Invests HUF 32bn in Battery Copper Foil Plant
South Korean conglomerate company Doosan is investing 32 billion forints (EUR 100m) in a battery copper foil plant in Tatabánya, in western Hungary, the foreign affairs and trade minister, Péter Szijjártó, said on Wednesday.
The company is receiving a 4.7 billion forint government grant for the project, Szijjártó noted.
The plant will make Doosan the sole supplier of battery copper foil, a key component of electric vehicle batteries, in Europe.
Jongwoo Kim, the head of European operations of Doosan, said construction work on the plant will start this year and is expected to be completed during the second half of 2019.