[Courtesy of Iljin Materials]
Iljin said Wednesday that its branch in Malaysia has attracted 600 billion won from STIC Investments, a private equity fund in South Korea. The investment would be used to boost the capacity of Iljin's plant in the Sama Jaya Free Trade Zone from 10,000 tons of elecfoil per year to 80,000 tons. Iljin's plant in South Korea is capable of churning out 20,000 tons per year.
Elecfoil, which is a thin copper foil with a thickness of 10 micrometers or less, is a core material for rechargeable batteries and printed circuit boards. A printed circuit board mechanically supports and electrically connects electronic components or electrical components.
Iljin said that some 300 billion won of perpetual convertible bonds will be issued this month to expand facilities in Malaysia. Afterward, it will decide on the timing of the issuance in line with demand. The company plans to differentiate its domestic plant into high-value products for semiconductors, while its Malaysian plant will be specialized in elecfoil for secondary batteries.
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