en.Wedoany.com Reported - APS Innovation has decided to invest 13.6 billion KRW to expand its secondary battery equipment production facilities in the Cheonan Seonggeo Industrial Complex, South Chungcheong Province. Including the land acquisition cost from the end of last year, the total investment for this project amounts to 22.8 billion KRW.

APS Innovation passed this new facility investment resolution at a board meeting held on the 19th, in response to the recovery trend in the secondary battery industry driven by increased electric vehicle sales in Europe and growing demand for energy storage systems (ESS) batteries. The company plans to expand production facilities ahead of schedule to prepare for future growth in global orders.

In December last year, the company purchased 5,000 pyeong of land in the Seonggeo Industrial Complex in Cheonan for 9.2 billion KRW. Combined with the new facility investment amount, the total investment for expanding production facilities reaches 22.8 billion KRW. The company plans to use 3,000 pyeong of this land to build equipment production infrastructure.

This investment will enable a dual-location production base. The newly established Cheonan factory will primarily serve as a manufacturing facility focused on secondary batteries, while the existing Osan factory is planned to be converted into a manufacturing facility for new businesses the company is preparing.

The company has been reviewing new businesses to achieve sustainable growth, and investments in these new ventures are now entering a visible phase. APS Innovation plans to simultaneously drive growth in its existing secondary battery equipment business and realize outcomes from new business initiatives.

Alongside expanding production infrastructure, the equipment product line is also being extended. Recently, the company utilized high-precision laser control technology to develop mass-production equipment for the slitting process, which cuts coated electrode materials according to battery design specifications. This equipment has been delivered to a customer's mass production line.

For the next-generation battery market, the company is also developing all-solid-state battery laser notching technology as a national project. Notching is the process of processing battery electrodes to match the cell structure.

A representative from APS Innovation stated that the company will expand production facilities in line with secondary battery market trends, advance next-generation technology development, and lay the foundation for growth through the synergy between visible new business investments and its existing core business.

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