Bumchun Precision to construct aluminium battery terminals plant in Hungary

AL Circle

Bumchun Precision will reportedly construct an aluminium battery terminals manufacturing facility in Hungary with an investment of EUR40.8 million (US$45.3 million). As per the report, Hungarian government is providing EUR8.13 million in funding towards the investment.

Bumchun to construct battery terminals plant in Hungary

{alcircleadd}

The facility, to be built in Salgótarján, will manufacture aluminium battery terminals for electric vehicles and will create 200 new jobs (approx.).

Minister of Foreign Affairs and Trade, Péter Szijjártó, said: "The Government would like to develop Hungary into a production location within this field, and it regards South Korea as an ally in view of the fact it is in the most part investments realised by South Korean enterprises that are designating the winners of the new industrial era."

According to the Minister, the Hungarian automotive industry’s annual production value is expected to exceed EUR30.7 billion next year.

To reason the choice of the plant’s location, Ri KI Jeon, President of Bumchun Precision Co. Ltd., said the local workforce is well trained, the city's industrial infrastructure is highly developed, and the geographical location provides favourable logistics conditions.

Red Mud Report

Bumchun Precision produces and develops parts of electronic equipment and mobile phones and recently started manufacturing batteries for electric vehicles.

Edited By:


This news is also available on our App 'AlCircle News' Android | iOS


Alternate Text
EPIQ Machinery

A world class equipment designer specialized in developing innovative & effective solutions for heavy equipment, vehicles, and material handling systems

Alternate Text
RIA Cast House Engineering

Leading supplier of rail mounted precision Furnace Charging Machines and Furnace Skimming Machines

Alternate Text
Altek

Leading manufacturer of value-added equipment for the aluminum casthouse

Alternate Text
Jagannath Company

Manufacturers & Supplier of Magnesium Metal and Aluminium Foundry Chemicals.

Alternate Text
XIAN HUAN-TAI TECHNOLOGY

Your reliable partner in aluminum casthouse equipment and products

Alternate Text
Fioscope

Fioscope provide air-cooled camera technology for high temperature applications

Related
Business Leads
We are looking for 10 micron aluminium rolling mil. Destina...
30 Oct 2024 Buying request

We have a requirement of an aluminium solar frame. Refer to ...
15 Oct 2024 Buying request

We have requirement of aluminium section domal window. Dest...
03 Oct 2024 Buying request

Read this news article and much
more on the AL News app
Get real-time news and business
lead alerts on your phone
SUBSCRIBE NOW
Market

Market

Project

Project

Technology

Technology

Leads

Leads