Esconec Decides to Invest 6.7 Billion KRW in Secondary Battery Production Facilities

[Asia Economy Reporter Kwon Jae-hee] Esconic announced on the 19th through a board resolution that it has decided to invest 6.7 billion KRW in new facility investments. This amount corresponds to 16.11% of its equity capital. The investment period is from August 22, 2022, to March 31, 2023.

The company stated the reason for the investment decision as "to purchase secondary battery production facilities, secure production capacity, and improve productivity."