46728
SK HI-TECH BATTERY MATERIALS POLAND SP.Z O.O
May 26, 2023
Poland
Europe
Apr 5, 2023
B - Limited
Active
Jun 25, 2023
Regional Industry MAS LAC & EUR
Manufacturing
Approved : Apr 19, 2023
Signed : May 23, 2023
Invested : Jun 23, 2023
Electrical Machinery, Equipment and Components (Electric Lighting, Motors, Batteries, Insulated Wires and Cables, Fiber Optic Cable, Carbon and Graphite Products, etc.)
The proposed IFC investment involves a 7 year senior loan of up to $300 million to SK hi-tech battery materials Poland sp. zo.o. (“SK Poland”), comprising (i) an A loan of between US$150 million and US$200 million (but no more than US$200 million) for IFC’s own account; and (ii) a syndicated loan of between US$100 million and US$150 million (but no more than US$150 million). SK Poland is the Polish subsidiary of SK ie technology Co. Ltd (“SKIET” or the “Company”), a manufacturer of lithium-ion battery separators (“LiBS”), a key component of batteries used in electric vehicles (EVs). Currently, SKIET has a total LiBS manufacturing capacity of 1.53bn square meters (sqm) across 4 production facilities in 3 countries, i.e. South Korea, China and Poland. SKIET is listed on the Korea Stock Exchange since May 2021 with a market capitalization of US$3.5 billion equivalent (as of March 13, 2023).
IFC’s investment will support the on-going construction and expansion of SK Poland’s production facility in Dabrowa Górnicza, Poland to meet the fast-growing demand for electric vehicles batteries in Europe (the “Project”).
For Inquiries About the Project, Contact
For Inquiries and Comments About IFC, Contact
Local Access of Project Documentation
tjshim@sk.com