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CeeInd - ''The leading Industrial Portal dedicated to the Growth market of Central and Eastern Europe > < Poland's Industrial Automation Surge: Record Robot Installations and EU Investment Drive Growth > < TeraPlast Group Strengthens Presence in Flexible Packaging with 70% Acquisition of Optiplast in Croatia > < Poland's Industrial Automation Surge: Record Robot Installations and EU Investment Drive Growth > < Mondi Enhances Sustainable Packaging Production with New Extrusion Line at Ĺ tÄtĂ Facility > < Nokian Tyres Opens World's First Zero CO2 Emission Tyre Factory in Oradea, Romania > < South Korea's Largest Food Company to Build First Factory in Central Europe, Located in Hungary > < BMW Begins Pre-Series Production of Neue Klasse in Hungary, Paving the Way for Electric Innovation > < Vetropack Completes âŹ60 Million Furnace Upgrade in Croatia, Setting New Industry Standards > < DP World Invests âŹ130 Million to Boost Romaniaâs Port and Logistics Infrastructure > < PalletBiz Romania Unveils State-of-the-Art Production Facility in Prejmer > < Arctic Paper Expands Renewable Energy Portfolio with 4 MW Solar Park Acquisition in Poland > < Y Soft Secures âŹ30 Million EIB Investment to Advance Office Automation Technologies > < Poland: The Emerging Logistics Hub of Central and Eastern Europe (CEE) > < ArcelorMittal Poland Invests PLN 100M in Hydrogen Plant to Boost Krakow Steel Operations > < Shape Robotics Expands Romanian Distribution Network with Strategic Ingram Micro Partnership > < Poland Ranks as Europe's Second Most Active Industrial Market in 2024 > < PepsiCo Launches 3.5-MW Solar Farm in Poland, Powering Sustainability Goals > < Czech Companies Embrace Advanced Technologies to Drive Production Efficiency > < Poland Solidifies Its Status as a Global Poultry Export Leader > < Toyota Unveils Largest Logistics Hub in Europe in Czech Town KolĂn > < CATL's Debrecen Battery Plant Set for 2025 Launch, Driving Europe's Green Transition > < Slovenia to Invest Up to âŹ40 Million in Production of New Renault e-Twingo > < Lockheed Martin to Establish âŹ50 Million Electrolyte Factory in Romania > < Michelin Shifts Jobs from UK to Romania and Poland as Part of European Restructuring > <

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European Investment Bank invests in battery production facility in CEE

2020-04-16 00:00:00

The EIB has agreed a loan of €480 million euros to LG Chem WrocĹaw in Poland

The signed loan agreement with LG Chem WrocĹaw Energy, the Polish subsidiary of the LG Chem Group of South Korea will help to establish and develop the group’s battery production facility in Europe. The €480-million euro loan will be used for the construction and operation of highly automated smart manufacturing facilities for advanced lithium-ion cells and batteries for battery-powered electric vehicles.

The EIB is investing nearly one third of the total project costs, estimated at €1.5-billion euros. The remainder will come from the company’s own resources as well as other financing sources. The additional manufacturing facilities will be located on the industrial site of LG Chem WrocĹaw Energy in south-western Poland.

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