The company said it decided on the investment to secure future competitiveness even as the electric-vehicle market, including the copper-foil sector, faces headwinds due to a demand slowdown. It cited rapid growth in artificial intelligence data centers as driving a surge in customer demand for HVLP (hyper-very-low-profile) copper foil used for high-speed signal transmission.
Through the Iksan plant, Lotte Energy Materials said it is providing materials solutions that meet customer requirements for performance, reliability, mass-production capability and stable supply. The company said the expansion will support customers’ efforts to build more stable supply chains.
Chief Executive Officer Kim Yeon-seop said the company made the decision “carefully” to pursue two goals: securing future competitiveness and restoring performance. “We will further strengthen customer trust by securing core materials technologies for the AI and network era and by stabilizing quality and supply through expanded production capacity,” he said.
* This article has been translated by AI.
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