# Dong Il Aluminium invests KRW 220B in Cheongju plant expansion

Dong Il Aluminium Co. finalized an investment of KRW 220 billion (USD 164.89 million) to build production and infrastructure in Cheongju, South Korea, adding three rolling mills by 2025 to double capacity for EV battery aluminum foil.

- Type: Expansion
- Announced: 2023-05-16
- Where: Cheongju, South Korea, South Korea
- Value: $164.9M (220.0B KRW)
- Starts operating: 2025
- Status: announced
- Capacity: eight rolling mills (from five)
- Products: aluminum foil for EV batteries
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Dong Il Aluminium Co.](https://endata.com/companies/70307.md)
- [DI Dong Il](https://endata.com/companies/70317.md) (partner)

## Sources

- [pulse.mk.co.kr](https://pulse.mk.co.kr/news/english/10736996), 2023-05-16: "It has recently finalized an investment worth 220 billion won ($164.89 million) in building production and infrastructure in Cheongju, south of Seoul."
- [pulse.mk.co.kr](https://pulse.mk.co.kr/news/all/10736996), 2023-05-16: "We aim to post 1 trillion won in sales by 2030 by doubling the production capacity with large-scale investment in the facility."

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