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JAPANESE TORAY TO BUILD HUF 127 BN BATTERY SEPARATOR FILM PLANT IN N HUNGARY

 

Japanese-owned Toray Industries Hungary will build a 127 billion forint (EUR 380m) plant to make battery separator film for lithium batteries in Nyergesújfalu, in northern Hungary, the foreign affairs and trade minister announced at the site on Friday. The government is supporting the investment, which will create 188 jobs, with a 4.7 billion forint grant, Péter Szijjártó said. Akihiro Nikkaku, Toray Industries’ chairman, said the two-phase investment would boost Toray’s global battery separator film capacity by 20%. Toray, which is one of the world’s largest producers of such film, has been present in Nyergesújfalu since 2014, when it acquired carbon fibre maker Zoltek.