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Lotte in dilemma over acquisition of Iljin Materials
Iljin Materials to Build HUF 3.8 bn Copper Foil Plant in Hungary South Korea’s Iljin Materials will build a 3.8 billion forint (EUR 10.7) copper foil plant in Gödöllő, on the outskirts of the capital, to supply Samsung SDI’s growing local production capacity for electric vehicle batteries, Péter Szijjártó, the foreign affairs and trade minister, said on Monday. The government is supporting the construction of the plant, which will have an annual capacity of about 10,000 tonnes, with a 722 million forint grant, Szijjártó said. Several South Korean battery manufacturers have set up ...