Ecopro Mity Invests 53.3 Billion KRW in Indonesian Subsidiary

KOSPI-listed company Ecopro Mity announced on the 2nd that it will invest approximately 53.3 billion KRW in an Indonesian nickel MHP smelting company (PT. Green Eco Nickel).

After the investment, the equity stake will be 28%. The company stated that the purpose of this measure is "business diversification through upstream expansion and strengthening cost competitiveness in the precursor business."