Nuode to invest EUR500 million to build copper foil project in Belgium
2023-05-18 16:38:22 [Print]
Nuode announced on May 17 that it has entered into a Memorandum of Understanding with the Wallonia Export-Investment Agency of Belgium to build a production base with phase one capacity of 30,000 tonnes of copper foil for lithium battery, 1 million pieces of FDC and 1 million piece of PI heating film annually, with total investment estimated at EUR500 million
. The company said the investment will expand its business to overseas market and increase customer stickiness . So far, no formal agreement on the copper foil project has been signed.