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Lotte Aluminium Invests HUF 44 Billion in Tatabánya Plant

MTI-Hungary Today 2020.02.25.

South Korean industrial manufacturing company Lotte Aluminium is investing 44 billion forints (EUR 130.5m) in establishing an aluminium foil plant in Tatabánya, in north-west Hungary, Levente Magyar, the foreign ministry state secretary, told a press conference in Budapest on Monday.

Located on a 60,000sqm plot, the plant will provide materials for manufacturing electronic vehicle batteries, the state secretary said.

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Lotte Aluminium Hungary executive manager Hyun-Cheol Cho said annual production is expected to be around 18,000 tonnes of aluminium foils.