Semcorp, a Chinese manufacturer of battery separator film, is building its first factory outside the People’s Republic in Hungary. Semcorp is investing around 65 billion forints (around 180 million euros) in the construction, Hungary’s Foreign and Trade Minister Péter Szijjártó announced at a groundbreaking event, according to local media reports. The state provided 13 billion forints (about 37 million euros) for the project, according to the report. Construction is expected to finish in 2022 and create 440 jobs for the city, located in eastern Hungary. The report states that the factory will produce around 400 million square meters of separator film per year, beginning in spring 2023.
Continue reading now
Get 30 days of free access to the Decision Brief to read these and more quality news every day.
Are you already a guest at the China.Table? Log in now