SK Nexilis gets $133 mn subsidy from Poland

The company received the European Union's Temporary Crisis and Transition Framework program's subsidy

Copper foil production line at SK Nexilis (Courtesy of SKC, SK Nexilis' parent company)
Copper foil production line at SK Nexilis (Courtesy of SKC, SK Nexilis' parent company)
Hyung-Kyu Kim 1
2024-12-26 16:53:02 khk@hankyung.com
Batteries

South Korea's SK Nexilis Co., the world’s largest copper foil maker, said on Monday it received a $133 million subsidy from the Polish government under the European Union (EU) Temporary Crisis and Transition Framework (TCTF) program.

SK Nexilis is the first South Korean battery materials company to get the TCTF subsidy and the largest single payout from the Polish government. 

The company will cooperate with the Polish government to construct cooper a foil manufacturing plant in Stalowa Wola, Poland. 

The EU introduced the TCTF in March last year to ease the rules on subsidizing companies that drive net-zero CO2 emissions such as electric vehicles and batteries.

Write to Hyung-Kyu Kim at khk@hankyung.com
#SK Nexilis #Poland #subsidy #EU #Temporary Crisis and Transition Framework #TCTF #Net Zero #CO2

SK Nexilis poised to sell thin film division to Affirma Capital

SK Nexilis poised to sell thin film division to Affirma Capital

SK Nexilis began commercial production of copper foil at its Malaysia plant in 2023 SK Nexilis Co., the world’s largest copper foil maker, is in the final stage of negotiations to sell its thin film manufacturing division to Affirma Capital. The move is part of efforts to prop up the copp

SK Nexilis launches copper foil production in Malaysia

SK Nexilis launches copper foil production in Malaysia

SK employees inspect copper foil at an SK Nexilis plant in South Korea KOTA KINABALU, Malaysia – South Korea’s SK Nexilis Co., the world’s largest copper foil maker, started commercial production at its first overseas factory in Kota Kinabalu, Malaysia on Oct. 23. The new faci

SK Nexilis inks $1.5 bn copper foil deal with Envision AESC

SK Nexilis inks $1.5 bn copper foil deal with Envision AESC

Copper foil production line at SK Nexilis (Courtesy of SKC, SK Nexilis' parent company) SK Nexilis Co. has signed a 2 trillion won ($1.5 billion) contract to supply copper foil, a core material in electric vehicle cells, to Chinese secondary battery maker Envision Automotive Energy Supply Corp.
(* comment hide *}