DI Dongil Signs 110.7 Billion Won Investment Agreement with North Chungcheong Province and Cheongju City

From the left, Jangsub Lee, Mayor of Cheongju City; Chankyu Park, Head of the Aluminum Business Division at DI Dongil; and Yonghan Shin, Governor of Chungbuk Province, are posing for a commemorative photo after signing the "Aluminum Foil Carbon Coating Process Expansion Investment Agreement" on the 16th at the Ambassador Seoul Pullman Hotel in Jung-gu, Seoul. Provided by DI Dongil

DI Dongil is investing 110.7 billion won to expand its carbon-coated aluminum foil production facilities in Cheongju, North Chungcheong Province. In response to the growth of the energy storage system (ESS) and lithium iron phosphate (LFP) battery markets, the company aims to strengthen its competitiveness in the secondary battery materials business.

On September 16, DI Dongil announced that it had signed an investment agreement worth a total of 110.7 billion won with North Chungcheong Province and Cheongju City at the Ambassador Seoul Pullman Hotel in Seoul. The signing ceremony was attended by Chankyu Park, CEO of DI Dongil Aluminum Division, Yonghan Shin, Governor of North Chungcheong Province, and Jangseop Lee, Mayor of Cheongju.

Under this agreement, DI Dongil will establish a carbon-coated aluminum foil production facility in the Hi-Tech Valley Industrial Complex in Cheongju by the second half of next year. The investment covers a land area of 43,269 square meters and a building area of 16,500 square meters. Along with the expansion of production facilities, the company also plans to contribute to regional job creation.

Carbon-coated aluminum foil is a product in which carbon is coated onto the surface of aluminum foil for use as a battery material. It is especially utilized in LFP batteries and in the ESS market. This investment is focused on expanding related processes to increase production capacity.

The new facility will be built in Cheongju Hi-Tech Valley, adjacent to DI Dongil’s aluminum rolling and coating lines currently under construction. By placing the aluminum foil production and carbon coating processes in close proximity, the company expects to enhance synergies in both production and logistics.

Through this investment, DI Dongil plans to gradually expand its aluminum foil production and carbon coating processes and improve production efficiency. The company will also strengthen its manufacturing base to better respond to the diverse product demands of its customers.

The expansion will also address the increased demand for materials driven by growth in the ESS and LFP battery markets. DI Dongil is planning to advance the technological sophistication of its carbon-coated aluminum foil and enhance its manufacturing competitiveness, with the aim of expanding its business as a global secondary battery materials company.

A DI Dongil official stated, "This additional investment is a strategic decision to actively respond to the rapidly growing ESS and LFP battery markets and further strengthen DI Dongil’s competitiveness in aluminum materials. Going forward, we will continue to develop carbon-coated aluminum foil technology and enhance our market competitiveness to grow into a global company specializing in secondary battery materials."

This content was produced with the assistance of AI translation services.