Solus buys back its Canadian copper foil plant

Solus buys back its Canadian copper foil plant

South Korean battery foil producer Solus State-of-the-art Supplies Organization documented this 7 days the acquisition of its former Canadian copper foil manufacturing plant, as it its appears to improve its publicity to the North American market place.

Solus State-of-the-art Supplies was previously acknowledged as Doosan Solus, when it was owned by Doosan Team between 2014 and 2020, until eventually the South Korean industrial conglomerate marketed its stake to a private fairness company to fund its having difficulties subsidiary Doosan Weighty Industries & Development Organization.

Solus State-of-the-art Supplies reported in a regulatory submitting this 7 days that it has re-acquired the Quebec-dependent plant, which an annual manufacturing potential of 60,000 tons of copper foil used principally as a destructive electrode for the anode current collector in lithium-ion battery cells. The company’s principal concentrate on is the growing North American electric automobile (EV) market place.

The acquisition in observe provides Solus State-of-the-art Supplies back the manufacturing facility that experienced been operate by its European division prior to it was acquired by Doosan Team in 2014.

According to stories in South Korea, Solus Advancd Supplies programs to invest in growing the facility, with the purpose of starting up mass manufacturing in 2024.

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