Technology

LG Chem to set up battery separator plant in Hungary with Japan's Toray

LG Chem to set up battery separator plant in Hungary with Japan's Toray

LG Chem Ltd., South Korea's leading chemical company, said Wednesday it will build a battery separator production plant in Hungary with Japanese chemical giant Toray Industries Inc. as part of efforts to expand its presence in the European market. Under the 50:50 joint venture deal, the two companies will invest over a combined 1 trillion won ($854.7 million).

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