Iljin Materials raises $715M to build Europe copper foil plant

South Korea's Iljin Materials received 800 billion won ($715 million) from STIC Investments to fund construction of its first production facility in Europe, near a Northvolt plant in Sweden. The company also signed a 10-year supply contract with Northvolt for 17,147 tons of copper foils.

“STIC will inject the money into Iljin's Malaysia-based subsidiary IMM Technology to fund the construction of Iljin's first production facility in Europe.”kedglobal.com

• 1 source
• kedglobal.comCopper foil maker raises $700 mn funding to build Europe plant - KED GlobalChae-Yeon KimApr 21, 2021

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