MENU
The would-be Doosan factory in Tatabánya

Copper Thin Foil Manufacturer Chooses Hungary

The new factory further reinforces Hungarian and European battery production

South Korean Doosan lays foundation stone of manufacturing unit in Tatabánya Industrial Park.

South Korea's Doosan will construct a new manufacturing unit in Hungary with a capacity to produce 50,000 tons of red copper foil on a year. The investment is part of the EUR 100 million project unveiled in November 2018. The annual amount of the new plant is sufficient for the production of 2.2 million electric car batteries, which could cover European demand for years.

The Doosan Group, with a tradition of over 120 years, is present in close to 40 countries and employs more than 38,000 people worldwide. The company's turnover exceeded USD 16 billion in 2018. Doosan products are used in numerous industries ranging from construction to electronics, and with their latest developments they are also supplying the automotive industry.

The investment in Hungary reinforces Doosan 's electronics branch, which is present in seven countries and employs some 2,000 people. Its most important partners include Apple, Cisco, Facebook, Huawei, Intel, Nokia, Samsung and SK Innovation.

The new manufacturing unit may help Doosan become one of the decisive copper foil suppliers on the electric vehicle market in Europe, setting the stage for the company's further expansion in America and China in the future.

Three major Asian battery manufacturers decided to bring operations to Hungary in recent years. South-Korea's Samsung SDI, SK Innovation, and the Japanese GS Yuasa set up their European manufacturing hubs here.

D&T

No comment yet. Be the first!

Leave a Reply

Your email address will not be published. Required fields are marked *

4 + 17 =

  • Top 5 Articles


  • Articles by Date

  • Hashtags

  • © Copyright 2019 Duax Kft. –  All rights reserved.
    searchenvelope-oalign-justifytwitterfacebookfeedinstagrammoon-osunearth