South Korean investment heading to Tatabánya

South Korea's Soulbrain is to settle in a new plant inside the Tatabánya Industrial Park to produce electrolyte for lithium batteries.

In the first phase of the investment, a 4,700-square-foot hall will be built, creating 40 new jobs. A trial run is set to begin at the factory by the end of 2020 and operations are due to commence soon afterwards.

Items produced at the plant will be used by two South Korean firms producing batteries for electric vehicles: SK Innovation in Komárom and Samsung in Göd. 

In May 2019, the company presented its plans to the Tatabánya municipality and the local authorities there. Back then, the city leadership supported the investment. According to the information available, the establishment of the plant does not require any prior environmental impact assessment.

The Hungarian state-owned National Industrial Park Operations and Development Ltd. (NIPÜF), which will also give home to the new plant, started its operation in 2016, and operates under the Inpark brand. 

At the end of 2019, the NIPÜF Group’s portfolio covered 970 hectares of industrial development land across the country. Its leased halls have an area of more than 150 thousand square meters and there are 17 industrial parks with ready-to-go infrastructure for Hungarian and foreign companies to settle in.

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