In July 2023, Sama Aluminium announced a new facility investment plan, including the installation of a Cold Mill Line, to ensure stable raw material procurement and smooth operations for the production of aluminium foil used in lithium-ion batteries (LIBs).

The total investment amounts to KRW 117 billion, and the funds will be sourced from the proceeds of the third-party allotment capital increase completed on January 27, 2023.

The new facility will be installed on the site of Sama Aluminium’s current aluminium paste plant at the Poseung plant, after relocating the paste plant to an adjacent area. The operation of the new facility will be handled by an external partner with technical expertise, while Sama Aluminium will supply the raw materials under a collaborative model.

Through this investment, Sama Aluminium aims to strengthen its competitiveness in the LIB aluminium foil market and establish a more stable and efficient production system.