SKC
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CCorporation
A leading company that strive for the world’s best.
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CCreation
Global ESG material solutions company
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CCommunication
SKC is making efforts to create a better future for all of our partners.
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CCareer
SKC is making efforts to create a better future for all of our partners.
● KRW 195 billion cash subsidy confirmed by the Polish government under EU TCTF, the first case among Korean battery materials companies.
● Fostering the ecosystem through industry-academia cooperation and R&D while building a mid- to long-term partnership with the Polish government.
● Preparing for the post-chasm market by meeting recovering European demand through the flexible operation of the first plant.
SK Nexilis, a copper foil business invested in by SKC (CEO Woncheol Park), has secured a KRW 195 billion subsidy from the Polish government under the Temporary Crisis and Transition Framework (TCTF), part of the EU’s Green Deal policy.
This establishes SK Nexilis as the first Korean battery materials company to receive the EU’s TCTF subsidy and the recipient of the largest-ever cash subsidy granted by the Polish government for a single investment.
On December 26, SK Nexilis announced that it had finalized a subsidy of approximately PLN 545 million (approximately KRW 195 billion) from the Polish government. As part of this agreement, SK Nexilis and the Polish government will collaborate to strengthen their mid- to long-term partnership, including industry-academia cooperation and R&D, centered on the factory under construction in Stalowa Wola, Eastern Poland.
In March last year, the EU introduced the Temporary Crisis and Transition Framework (TCTF), easing regulations on subsidies for EV and battery companies contributing to decarbonization efforts. Major European countries, including Italy, Spain, and Germany, have already been providing subsidies to companies operating production facilities within their countries.
The cash subsidy is expected to serve as a foundation for SK Nexilis to significantly improve its local factory operations strategy. The company’s copper foil factory construction in Stalowa Wola, Poland, is nearing completion, with plans to establish a phased supply chain following the completion of client certification processes.
An SKC executive stated, “This subsidy will serve as a foundation for building an ecosystem of industry-academia-research cooperation with the Polish government,” and added, “With the resulting boost to our financial stability, we will respond to the post-chasm market by promptly initiating factory operations to meet the recovering demand in Europe.” [End]
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