{"id":4518,"date":"2021-03-28T11:00:18","date_gmt":"2021-03-28T02:00:18","guid":{"rendered":"https:\/\/askinno.com\/global\/?p=4518"},"modified":"2021-04-21T17:29:06","modified_gmt":"2021-04-21T08:29:06","slug":"sk-ie-technology-to-make-the-largest-ever-investment-in-separator-plants-in-poland","status":"publish","type":"post","link":"https:\/\/askinno.com\/global\/archives\/4518","title":{"rendered":"SK IE Technology to make the largest ever investment in separator plants in Poland"},"content":{"rendered":"

\u25a0 Board of Directors decided to invest in Plant 3 and 4 in Poland with total capacity of 860 million m2<\/sup> per year<\/strong>
\n– Combing with existing Plant 1 and Plant 2, SK IE Technology will secure annual production capacity of 1.54 billion m2<\/sup> just in Poland<\/span><\/p>\n

\u25a0 SK IE Technology\u2019s worldwide separator production capacity is expected to increase from current 860 million m2<\/sup> to 2.73 billion m2<\/sup> by 2024<\/strong>
\n– Supply planned to be produced by Plant 1, which will start operation in the 3rd<\/sup> quarter this year, already \u201csold out\u201d \u2013 a preemptive response to market expansion<\/span><\/p>\n

\u25a0 SK IE Technology CEO Roh Jae-sok, \u201cWe will increase the supply of safe separators based on our unrivaled technology and wipe out the concerns on safety to contribute to the growing EV industry and lead SK IE Technology\u2019s growth.\u201d<\/strong><\/span><\/p>\n

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SK IE Technology, a material business subsidiary of SK Innovation, is making the largest investment in the history of their EV battery separator business on the 28th<\/sup> in order to build new plants in Poland.<\/span><\/p>\n

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SK IE Technology\u2019s board meeting on the 26th<\/sup> has come to the decision of investing approx. KRW 1.13 trillion to build its Europe\u2019s third and fourth separator plants in Silesia, Poland. This is the largest among single investments made by SK IE Technology so far.<\/span><\/p>\n

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The annual production capacity of SK IE Technology\u2019s Plant 3 and 4 in Poland is 430 million m2<\/sup> each. Accordingly, SK IE Technology will be able to produce 1.54 billion m2<\/sup> separators in total per year just in Poland by combining the production capacity of 680 million m2<\/sup> of the existing Plant 1 and 2.<\/span><\/p>\n

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Separators are essential materials that directly affect the safety and performance of lithium-ion batteries in EVs. It takes up approx. 15-20% of the battery production cost and is a key part of the EV and battery industry\u2019s growth.<\/span><\/p>\n

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The reason why SK IE Technology is making such large-scale investments is to take preemptive measures on the highly increased purchase demand from related industries of the rapidly growing EV battery market.<\/span><\/p>\n

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Fire accidents have continuously occurred on EV batteries recently, and separator damage is said to be one of the causes of the fire. The fact that batteries that used SK\u2019s separators never caught fire has been noticed in the industry, and the demand to secure safety-certified separators has largely increased. In fact, separator supply scheduled to be produced this year in Plant 1 in Poland, which will start production in the fourth quarter, and Plant 2 in Changzhou, China, which will start running in the first quarter, has already secured sufficient source of demand and is now in discussion, even before the operation of these plants.<\/span><\/p>\n

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Incomparable safety based on the world\u2019s leading technology is the reason behind the industry\u2019s attention to SK IE Technology. Until now, batteries that implemented separators manufactured by SK IE Technology have never had fire incidents. SK\u2019s separators are perceived as \u201csafe separators\u201d within the industry and are acknowledged as premium separators.<\/span><\/p>\n

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\u201cIt\u2019s because we have differentiated exclusive technologies such as the \u201csequential stretching\u201d technology that realizes even quality while controlling the separator thickness without restriction, separator coating technology that minimizes deformation even from heat and shock, etc.,\u201d SK Innovation explained.<\/span><\/p>\n

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In addition to the fire issue, the separator market\u2019s rapid growth is also the cause of aggressive investment. The industry predicts a spiking increase of the global separator market, which was approx. 4 billion m2<\/sup> last year, up to approx. 16 billion m2<\/sup> by 2025. Especially, starting from 2023, a shortage in supply is expected.<\/span><\/p>\n

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By expanding the market share through preemptive investment and enhance its position as the premium separator manufacturer, SK IE Technology is planning to solidify its current No.1 rank in the world\u2019s wet process separator market.<\/span><\/p>\n

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SK IE Technology will begin the construction of Plant 3 and Plant 4 in Poland in the third quarter this year and start producing by the end of 2023. The existing Plant 1 begins production in the third quarter this year, and Plant 2 is starting in the first quarter of 2023.<\/span><\/p>\n

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SK IE Technology has already secured approx. 860 million m2<\/sup> production capacity in Korea, and Changzhou, China with plants in full operation. New plants under construction in Silesia, Poland, and Changzhou, China, will begin operating sequentially. Thus, the production capacity will increase to approx. 1.36 billion m2<\/sup> by the end of this year. Through this investment in Plant 3 and 4 in Poland, the production capacity of 2024 will reach 2.73 billion m2<\/sup>.<\/span><\/p>\n

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\u201cWe will increase the supply of safe separators based on our unchallenged technology and wipe out the concerns on safety to contribute to the growing EV industry and lead SK IE Technology\u2019s growth,\u201d SK IE Technology\u2019 CEO Roh Jae-sok emphasized.<\/span><\/p>\n

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[Photos]\u00a0<\/strong><\/span><\/strong>SK IE Technology\u2019s separator plants in Poland are under construction for expansion<\/span><\/p>\n

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\u25a0 Board of Directors decided to invest in Plant 3 and 4 in Poland with total capacity of 860 million m2 per year – Combing with existing Plant 1 and Plant 2, SK IE Technology will secure annual production capacity of 1.54 billion m2 just in Poland \u25a0 SK IE Technology\u2019s worldwide separator production capacity … Read more<\/a><\/p>\n","protected":false},"author":2,"featured_media":4541,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,4,8,132],"tags":[35,34,127,110,32,269,31,117],"class_list":["post-4518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporates","category-press-room","category-press-release","category-sk-ie-technology","tag-battery","tag-electric-vehicles","tag-europe","tag-libs","tag-poland","tag-separator","tag-sk-ie-technology","tag-skiet"],"acf":[],"_links":{"self":[{"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/posts\/4518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/comments?post=4518"}],"version-history":[{"count":10,"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/posts\/4518\/revisions"}],"predecessor-version":[{"id":5572,"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/posts\/4518\/revisions\/5572"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/media\/4541"}],"wp:attachment":[{"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/media?parent=4518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/categories?post=4518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/askinno.com\/global\/wp-json\/wp\/v2\/tags?post=4518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}