Doosan Invests HUF 32 Bn In Battery Copper Foil Plant

  • 8 Nov 2018 7:20 AM
  • Hungary Matters
Doosan Invests HUF 32 Bn In Battery Copper Foil Plant
South Korean conglomerate company Doosan is investing 32 billion forints (EUR 100m) in a battery copper foil plant in Tatabanya, in western Hungary, the foreign affairs and trade minister, Péter Szijjártó, said.

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.


MTI Photo: Kovács Attila

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

business CHANNEL SPONSOR

Share your story

We're interested in your stories, and photos, related to expat life in Hungary. Your contributions, and Press Releases, are invited for review before publication in the loop.