# 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.

- Type: Investment
- Announced: 2021-04-21
- Where: near Northvolt plant, Sweden, Sweden
- Value: $715.0M (800.0B KRW)
- Status: announced
- Capacity: 80,000 tons per year (after completion, from current 30,000 tons)
- Products: copper foils for batteries and PCBs
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Iljin Materials](https://endata.com/companies/54413.md)
- [Northvolt](https://endata.com/companies/7632.md) (customer)
- [STIC Investments](https://endata.com/companies/54604.md) (investor)

## Sources

- [kedglobal.com](https://www.kedglobal.com/us/ev-batteries/newsView/ked202104210010), 2021-04-21: "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."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.