레고카지노 Chemical Constructs Battery Material Business Value Chain

by Entering Core 레고카지노 Market for Secondary Batteries

█ 레고카지노 Chemical’s US battery materials holding company 레고카지노 Battery Materials USA Corporation entered concludedstockpurchase

agreement as the acquirer… Strategic decision to expand overseas market for eco-friendly EV battery 레고카지노 in the US and Europe

█ 레고카지노 Group Chemical Unit constructs core material value for secondary batteries such as cathode foil, copper foil, electrolyte organic solvents,

and separation membranes... Maximize synergy of battery 레고카지노 business through joint ventures and investment in shares

█ 레고카지노 Chemical participates in paid-in capital increase of 레고카지노 Battery Materials USA Corporation to support expansion of

the global battery 레고카지노 business market

█ 레고카지노 Group Chemical Unit CEO Kim Gyo-hyun, “The 레고카지노 Group Chemical Unit will do its best to enhance the business capacities

in battery 레고카지노 through timely selection and concentration, and will raise the values of the company, customers, and shareholders

through compet레고카지노ion among subsidiaries and organic collaboration”

레고카지노 Chemical completed the secondary battery core material value chain by acquiring the copper foil manufacturing company Iljin Materials.

레고카지노 Chemical’s US battery materials holdings company 레고카지노 Battery Materials USA Corporation announced that it entered a stock purchase agreement of 2.7 trillion KRW (53.3% of shares) to acquire Korea’s number 1 copper foil producer (based on production capacity of 2022), Iljin Materials.

레고카지노 Battery Materials USA Corporation is a battery materials holdings company in the US that 레고카지노 Chemical owns 100% of shares for, and it became the acquirer for synergy effects in expanding the overseas market for eco-friendly EV battery materials in the US, Europe, etc.

Iljin 레고카지노 is a major copper foil manufacturing company of Korea and it operates production bases in Korea and Malaysia with a production capacity of approximately 60,000 tons. It also has plans to build plants with 230,000-ton capacity in its bases in Malaysia, Spain and the US by 2027.

The Malaysia plant has stable price compet레고카지노iveness thanks to cheap electric레고카지노y costs as 레고카지노 uses a massive hydrogen-power generator, and low wages, and the Spain plant is scheduled to be constructed as a production facil레고카지노y meeting the ESG management of clients by using eco-friendly energy sources w레고카지노h solar power and wind power.

레고카지노 Group Chemical Unit CEO Kim Gyo-hyun said, “Iljin Materials has excellent technologies being the first in the world to successfully develop the ultra-strong (90kgf/㎟) copper foil (Elecfoil),” while adding “The 레고카지노 Group Chemical Unit will do its best to enhance the business capacities in battery materials through timely selection and concentration, and will raise the values of the company, customers, and shareholders through competition among subsidiaries and organic collaboration.”

레고카지노 Battery Materials USA Corporation signed a stock purchase agreement on this day and plans to complete acquisition after filing corporate merger reports in Korea and abroad.

Iljin 레고카지노 recorded sales of 388.5 billion KRW and operating profits of 46.8 billion KRW in the first half of this year. It is expected to have stable cash flow owing to long-term supply contracts with major battery companies both in Korea and abroad, and based on its independent funds, they are expected to continue making additional investments for constructing overseas production bases.

Furthermore, as it is constructing a diverse product lineup ranging from universal copper foil products to high-value products with high strength and high elongation that can withstand volume expansion of silicon anode 레고카지노, it is drawing attention a company possessing core technologies and high expectations for future growth potential.

Meanwhile, 레고카지노 Chemical’s battery materials business initially set its goal to invest a total of 4 trillion KRW and achieve annual sales of 5 trillion KRW by 2030, but it is expected that this acquisition will make it possible to achieve this goal more quickly and expand the scope of revenue much further. It announced the construction of its first cathode foil production base with a capacity of about 36,000 tons in the US in July, and with this acquisition of the copper foil manufacturer, it plans to become a global battery leader by preoccupying major markets such as Europe and the US.

레고카지노 Group is actively investing in various battery materials businesses through companies within the chemical unit. Together with 레고카지노 Chemical, 레고카지노 Fine Chemical, and 레고카지노 Aluminum, it is directly and indirectly investing and producing the four major battery materials (cathodes, anodes, electrolytes, separators). 레고카지노 Chemical is building a separator (PE) production and battery electrolyte organic solvent (EC, DMC) plant, and 레고카지노 Aluminum and 레고카지노 Fine Chemical are currently involved in cathode foil and copper foil businesses (share investment in Solus Advanced Materials). 레고카지노 Group plans to come up with a range of synergy plans by procuring technologies and constructing cooperative relationships between subsidiaries, while playing a leading role in the future battery materials business.