E-mazing! South Korean e-car battery giant SK Innovation to create over 300 new jobs with 1bln PLN investment
With electric cars gaining popularity, Korean company SK Innovation has announced plans to build a battery component factory in Poland.
It will be the latest international company to invest in the sector in Poland, after LG Chem and Umicore.
The investment, worth over PLN 1 billion, is part of the strategy of SK Innovation, which is part of SK Group, one of the largest conglomerates in South Korea. Last week, the company vowed to increase the production of batteries for electric vehicles twenty-fold by 2025.
"Through Deep Change 2.0 Management which has been implemented since 2017, we have strengthened global competitiveness of our new and existing businesses, but we feel that there is still a long way to go,” said Kim Joon, president of SK Innovation at a news conference in Seoul on 28 May.
Its strategy will include aiming for a market share of 30% in the lithium-ion battery separator (LiBS) business by increasing its production capacity to over 2.5 billion square meters per year.
Some of those separators will be produced at the SK Innovation’s new factory in Poland, which it plans to build in Dąbrowa Górnicza, in the country’s south. It will be part of the Katowice Special Economic Zone, which was established by the government in 1996 to support restructuring and generate employment. Since then, around PLN 36 billion has been invested there and over 80,000 jobs created. More than 390 businesses are operating in the zone.
The announcement “confirms that our investment areas are ready to accept the largest investors who are banking on a modern and innovative industry,” said the town’s mayor Marcin Bazylak, commenting on the plans, which are expected to create at least 300 jobs by 2021.
“I believe that the appearance of a Korean investor in the town will also be an impulse for further innovative companies and a clear signal that Dąbrowa Górnicza is a trustworthy partner,” he added.