Solus Advanced Materials begins construction of copper foil factory in Canada, with annual production capacity up to 63,000 tons - South Korean report

On the 5th (local time), Solus Advanced Materials (formerly Doosan Solus), which is involved in the industrial materials business, announced on the 6th that it held a groundbreaking ceremony for a copper foil factory at its Granby factory in Quebec, Canada.
Ta. The plant will be the first copper foil plant for electric vehicle (EV) batteries to be built in Canada. The Granby factory will begin mass production in stages from 2025, with a total of 20,000 units produced by 2026.
The plan is to mass produce 5,000 tons of copper foil. For this purpose, a factory building owned by a subsidiary of Circuit Foil Luxembourg, the company's European subsidiary, was expanded and renovated to create a new factory.
let Going forward, the company will construct a second factory within its Granby factory, expanding annual production to a maximum of 63,000 tons.
The Quebec government's economic development fund will provide the company with approximately $150 million (Canada).
16.2 billion yen) at no interest. The overall size of the subsidy is currently being discussed with the Canadian government.
A company official said, ``Subsidy will be given to EVs that use parts and materials produced in North America, including Canada.''
"We can expect the establishment of a new factory to be advantageous for our business, as there is the Inflation Control Act (IRA) in the United States, which provides financial support."