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South Korean Doosan to More than Double Copper Foil Capacity in Hungary

MTI-Hungary Today 2020.11.01.

South Korea’s Doosan will spend 75 billion forints (EUR 204m) to more than double the capacity at its copper foil base in Tatabánya, in north-western Hungary, the minister of foreign affairs and trade announced on Friday.

The investment will boost annual capacity for copper foil for electric vehicle batteries at the base from 10,000 tonnes to 25,000 tonnes, Péter Szijjártó told a press conference in Budapest.

The government is in talks with the European Commission on the scale of support it can offer Doosan for the investment which will create 200 jobs, he said.

The government contributed 15 million euros to the construction of Doosan’s first copper foil plant in Tatabánya worth 100 million euros, he added.

featured image: Doosan’s CEO speaking in the Ministry of Foreign Affairs and Trade; via Márton Mónus/MTI