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Electronics Production |
Doosan reinforces European Battery production
Doosan is to open its European copper thin foil manufacturing unit in Hungary. In the framework of the investment, worth EUR 100 million, the South-Korean company is to construct its new factory in the Tatabánya Industrial Park.
The capacity of the facility will be sufficient for covering the European demand for years, a press release from HIPA (Hungarian Investment Promotion Agency) states.
With their investment in Hungary, Doosan aims to reinforce its electronics branch, which currently operates in 7 countries and employs some 2'000 people. Its most important customers include Apple, Cisco, Facebook, Huawei, Intel, Nokia, Samsung and SK Innovation.
Over the past few years, three Asian battery manufacturers - the South-Korean Samsung SDI and SK Innovation, as well as the Japanese GS Yuasa - all chose Hungary as the base for their European manufacturing hubs. Due to these decisions, several other companies (engaged in the EV industry) also chose Hungary as a manufacturing base; among others, Infineon, INZI Controls and the Toray Group..
During the last decade, Hungary was able to establish tight economic relations with South-Korea. The Asian country is the biggest investor in Hungary in 1H/2019. Furthermore, two South-Korean companies (Hankook and Samsung) already are strategic partners of the Hungarian government.
