• SK nexilis’ investment will facilitate local economy revitalization of Jeongeup and Stalowa Wola, and the cities’ promised expanded support for licensing and infrastructure.

• SK nexilis will support prioritized recruitment of local talent near the production _ base_s and revitalization of commercial areas in addition to expanding social contribution activities.

   

SK nexilis, a company invested by SKC (President Woncheol Park) and engaged in the copper foil business for rechargeable batteries, is revitalizing local economy and expands its social contribution through partnership with local communities where its manufacturing facilities are located.

SK nexilis signed a three-party agreement at Jeongeup Plant in Jeollabuk-do on November 7 together with Jeongeup-si and Stalowa Wola, Poland, to build a sustainable model of coexistence between business and local community. The signing ceremony was attended by key stakeholders of each party including President Jae-hong Lee of SK nexilis, Jeongeup Mayor Hak-su Lee and Mayor of Stalowa Wola Lucjusz Nadberezny. While Jeongeup is SK nexilis’ domestic manufacturing _ base_, another SK nexilis’ cooper foil plant is under construction in Stalowa Wola which will be the largest of its kind in Europe.

Officials from Jeongeup-si and Stalowa Wola, who were present at the signing ceremony, mentioned that the construction of SK nexilis manufacturing facilities has brought a great help to the local economy by attracting people into the regions and revitalizing commercial areas. They promised to further expand licensing and infrastructure support. The two cities agreed to run a training program _ link_ed to SK nexilis recruitment and provide support for constructing facilities such as accommodation and dormitories for partners who are needed to operate the manufacturing plants.

SK nexilis also agreed to prioritize candidates from Jeongeup-si and Stalowa Wola in recruitment, and actively engage in creating positive economic effects by revitalizing nearby commercial areas. In addition, SK nexilis will expand social contribution activities such as support for training/startup programs and hosting cultural events.

SK nexilis is working harder than ever to increase production capacity through large-scale expansion of its manufacturing facilities. This year, Jeongeup plant was expanded to an annual production capacity of 52,000 tons, which will be followed by planned expansions in Europe, North America and Asia. New constructions are also in progress with no particular issue for the production facility in Kota Kinabalu, Malaysia, which is expected to be completed by 2023 with an annual production capacity of 50,000 tons and the production facility in Stalowa Wola which started construction July this year and is targeted to go to mass production in 2024. Candidate sites for expansion in North America will soon be confirmed and announced as well.

The agreement is expected to reinforce the collaborative relationship between Stalowa Wola and SK nexilis. After exchanging the MOUs, Stalowa Wola officials went on a field trip to Jeongeup plant to look around office facilities and production lines, and saw for themselves a smart office system providing convenience to workers and state-of-the-art copper foil manufacturing facilities.

An SK nexilis executive said, “This MOU of coexistence between SK nexilis and the cities where its production _ base_s are located will facilitate sustainable collaboration to revitalize local commercial areas,” and added, “We will further strive to build a global production system and maintain a favorable cooperative relationship with the local communities.” [End of _ document_]