SK Nexilis gets $133 mn subsidy from Poland

Quick Summary:

South Korea's SK Nexilis Co., the world’s largest copper foil maker, said on Monday it received a $133 million subsidy from the Polish government under the European Union (EU) Temporary Crisis and Transition Framework (TCTF) program.

SK Nexilis is the first South Korean battery materials company to get the TCTF subsidy and the largest single payout from the Polish government.

The company will cooperate with the Polish government to construct cooper a foil manufacturing plant in Stalowa Wola, Poland.

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Article Details

Category: Economy

Markets: South KoreaPoland

Topics: Government Korea Company Korean Largest South Polish Subsidy Tctf Nexilis Foil

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-26 @ 16:53:02 (1 days ago)

News Timezone: GMT +8:00

News Source URL: kedglobal.com

Language: English

Article Length: 108 words

Reading Time: 1 minutes read

Sentences: 10 lines

Sentence Length: 11 words per sentence (average)

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Copyright Owner: © Korea Economic Daily

News ID: 24669758

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