SEOUL -- In an effort to establish a bridgehead targeting the North American secondary battery component market, South Korea's electric component maker Solus Advanced Materials has acquired land in Canada to build a 60,000 ton-capacity battery foil factory. The plant will start the mass production of foils as early as 2024.
Battery foils made of aluminum and copper are used as anodes and cathodes for secondary batteries. Foils work as the bridge between external components and internal lithium-ion transports. Aluminum alloys are normally used as the main material for anodes and copper alloys are used for producing cathodes.
Solus Advanced Materials, formerly known as Doosan Solus, said in a statement on November 15 that the company acquired land in Quebec. The area includes a copper foil plant constructed in 2001. Solus said that the company will try to use existing facilities to reduce setup costs and time. The mass production of foils will start in 2024 if everything goes as planned, the foil maker said. details about the acquisition were not disclosed.
"Through the acquisition of a local plant area, we are now able to fulfill our plan to provide foil products to our potential customers by one year early," Solus Advanced Materials CEO Seo Kwang-seok was quoted as saying. Foils created in the Quebec plant will be supplied to battery cell makers in the North American region.
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