South Korean copper foil maker will utilize the 34 billion won incentives it got from the Hungarian government in expanding its annual production of copper foil at its Hungarian unit.
The South Korean copper foil maker's wholly-owned Hungarian plant has an annual production of 10,000 tons, which the company seeks to increase to 25,000 tons by 2022 and 75,000 tons by 2025.
Among the investment incentives Dolus Solus received were cash and corporate tax exemption.
South Korean copper foil maker has been building a plant in Hungary with a capacity of 10,000 tons, set to be completed in August.
There is a rising demand for copper foil, a key material for electric vehicle batteries, as global carmakers race to roll out electric vehicles.
After receiving investment incentives from the Hungarian government, Doosan Solus shares jumped 3.86 percent to 37,650 won as of 11:28 a.m.
Meanwhile, Doosan Group may sell its 61 percent stake in Doosan Solus to ease liquidity woes at its flagship Doosan Heavy Industries & Construction Co.


Toyota First-Half Global Sales and Production Decline on Weak China Demand, RAV4 Transition
TSMC Gradually Restarts Japan Chip Plant After Kumamoto Earthquake
TeamViewer Shares Fall Despite Profit Growth as ARR and Customer Base Decline
Robinhood Q2 Earnings Beat Estimates, But HOOD Stock Falls as Investors Question Profit Quality
Starbucks Stock Jumps as Q3 Earnings Beat, Sales Growth Drives Higher 2026 Outlook
Seagate Stock Jumps as AI-Fueled Earnings Beat and Strong FY2027 Outlook Impress Investors
Barclays Q2 Profit Beats Forecasts as Investment Banking Strength Offsets Higher Costs
Qualcomm Stock Falls as Weak Q4 Forecast, Apple Revenue Decline Overshadow AI Data Center Growth
Air Liquide Q2 Sales Growth Tops Forecast as Electronics Business Drives Strong Performance
Unilever Raises 2026 Sales Outlook After Strong Q2 Volume Growth
Meta CEO Zuckerberg Opposes U.S. Ban on Chinese AI Models, Warns Against Overregulation
Microsoft Stock Jumps as Azure Growth, AI Revenue Beat Expectations
SpaceX Wins $1.6 Billion U.S. Space Force Launch Contracts for Falcon 9 Missions Through 2027
BHP, Port Hedland Unions Fail to Reach Wage Deal as Negotiations Continue
Stellantis Sells Free2move Car-Sharing Business to Mutares to Strengthen Core Auto Strategy
Exosens H1 Profit Beats Forecasts as Defense Demand Drives Growth 



