The Hungarian government has given the green light for a lithium-ion battery separator plant to be built in the country by W-Scope Chungju Plant, a consolidated subsidiary of Japanese firm W-Scope Corporation.
The country’s government approved the construction of the plant to manufacture separation membranes (separators) for lithium-ion batteries.
The plant will start supplying products to customers in Europe from the second half of 2024.
WCP plans to install membrane and coating lines with an annual production of 1.2 billion m2 by 2025— bringing the firm’s annual production capacity to 2.3 billion m2 when combined with its existing plant in Korea.
The announcement on 17 June was made at an event organised by the Hungarian Ministry of Foreign Affairs and the Hungarian Investment Promotion Agency (HIPA).
The announcement has opened the door for WCP to invest €700 million ($740 million), with additional investment to be considered to meet future increases in demand.
The new plant will be around 820,000 m2 and located in the southern industrial part of Nyíregyhaza in the north-eastern region of the country.