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Industry

Ecopro BM begins Hungary plant line conversion

Ecopro BM has begun work to convert an existing NCA production line at its Hungary plant into a line that can also produce NCM, it said on Sunday. The move aims to supply high-nickel cathode materials for premium electric vehicles in Europe from the fourth quarter of next year. The conversion is expected to cost about 40 billion won. The Hungary plant began commercial operations in the first half of this year and is running at 54,000 tons of annual capacity.

Industry

Ecopro Q2 operating profit 32.9 billion won, up 103 percent year on year

Ecopro Group said it stayed in the black on growth in its environmental business amid a semiconductor market boom and improved profitability in its lithium business. The company posted second-quarter consolidated revenue of 820.8 billion won and operating profit of 32.9 billion won, up 103 percent from a year earlier. Operating profit fell from the previous quarter. Heavy rain in Indonesia temporarily reduced utilisation at a nickel smelter, weighing on overall profitability.

Industry

Ecopro BM posts Q2 operating profit of 18 billion won, down 63 percent year on year

Ecopro BM stayed profitable this quarter, posting second-quarter consolidated revenue of 576.7 billion won and operating profit of 18 billion won, it said on July 31. Revenue fell 26.0 percent and operating profit dropped 63.2 percent from a year earlier. Results also weakened from the prior quarter, and the company swung to a net loss of 4.5 billion won. It plans to expand cathode-material supply and advance investments in Indonesia and Hungary.