Industry
Gitech wins 1.72 million dollar order from North American battery maker
Precision parts maker Gitech said on Jan. 23 it received a purchase order worth $1.72 million, or about 2.5 billion won, to supply slot dies to a North American battery manufacturer. Slot dies are key components used to coat active materials uniformly when making secondary battery electrodes. The company expects the deal to become a long-term revenue source, citing repeat selection and follow-on demand for consumable replacements and maintenance.