Sino-Indonesian companies cooperate to develop joint battery copper foil processing plant

Indonesia Battery Company (IBC) has signed an agreement with China Nuode New Materials Company Limited (Nuode), China Hualong International Construction Company Limited (SINORON) and PT Sentosa Laju Sejahtera (SLS) for the development of a battery copper foil processing plant in Indonesia (HoA).The project aims to strengthen Indonesia's position in the global battery ecosystem and meet global demand for copper foil. The project can boost Indonesia's economic growth, create job opportunities, promote technology transfer and deep processing of domestic copper, and enhance the value-added of products.IBC's Director of Development and Operations said the cooperation is a strategic move to advance Indonesia's downstream industry and position in the global battery ecosystem.SINORON's Director of Commerce said he is honored to support Indonesia and IBC in developing the EV and battery ecosystem, and Director of Novo Nordisk hopes that Indonesia will become the The director of Nordea hopes that Indonesia will become a future copper foil production center and global supplier. Nordea is one of the world's largest copper foil producers, and this HoA is a further step in the Memorandum of Understanding (MoU) that was signed between IBC, Nordea and SINORON in October 2024.The scope of the MoU cooperation covers a study of the market potential for copper foil for lithium-ion batteries and PCBs, arrangements for the supply of copper cathode and sulphuric acid, and a plan to invest in a joint venture for copper foil for batteries and electronic PCBs.