South Korea's SKC Inc. will spend 700 billion won to build its first overseas manufacturing factory copper foil, which has an annual capacity of 50,000 tons, in Kota Kinabalu, Malaysia.
SKC and its copper foil-making unit, SK Nexilis Co., which have signed an MoU with the Malaysian government for the facility, will break ground in the latter half of this year.
SK Nexilis will start commercial production in Malaysia in 2023.
The chemical unit of SK Group is considering building more plants in Europe and the United States.
SK Nexilis currently produces 34,000 tons a year and intends to expand local output to over quintuple its production by 2025 to meet growing demand from lithium-ion battery makers, SKC said.
SKC took over KCFT, the world's No. 1 maker of copper foil, for 1.2 trillion won in 2019 and renamed it SK Nexilis.
Copper foil is among the key materials for electric vehicle batteries.


Micro Systemation Reports Q1 Loss Amid Strategic Investments and Revenue Growth
Australia Targets Meta, Google, and TikTok With New News Payment Tax Proposal
Why Paycom Was Named a 2026 Platinum Employer on the Where You Work Matters List
China’s Ultra-Cheap EV Boom: Why Electric Cars Cost Far Less Than in the U.S.
Air Liquide Q1 Revenue Misses Estimates Amid Currency and Energy Headwinds
Google Secures Pentagon AI Deal for Classified Projects
Nippon Express Stock Jumps as Elliott Investment Signals Strong Foreign Interest in Japan Logistics Sector
GameStop Eyes eBay Acquisition as Stock Prices Surge After Hours
T-Mobile Beats Q1 Earnings Expectations on Strong Postpaid Growth
Meta Raises 2026 Capex Outlook Amid AI Spending Surge, Shares Drop After Earnings
U.S. Cybersecurity Pushes Faster Patch Deadlines Amid Rising AI-Driven Threats
AstraZeneca Q1 2026 Earnings Surge on Strong Oncology and Rare Disease Drug Sales
Microsoft Azure Growth Forecast Beats Expectations Amid Rising AI Competition
Novartis Q1 2026 Earnings Miss Expectations as Generic Competition Pressures Sales
Samsung Reports Record Profit as AI Boom Drives Memory Chip Demand
TSMC Exits Arm Holdings with $231 Million Share Sale Amid Strategic Portfolio Shift 



