Last week, SK IE Technology shared that its overseas subsidiary SK hi-tech battery materials Jiangsu (hereafter “LiBS⁽¹⁾ Changzhou”) has been recognized by the Chinese local government for its continued investment and community contribution activities in China.

(1) LiBS: Lithium-ion Battery Separator

LiBS Changzhou is located at Jintan District, Changzhou City, Jiangsu Province, China. On the 18th, during the “Innovation and Development Conference” held at Changzhou City Administrative Center, LiBS Changzhou was selected to be among 7 companies in the list of “Major Investent Projects Awards” in 2020. This is an award for companies that steadily implement investments as planned in Changzhou City. Notably, this is the second consecutive year that LiBS Changzhou has received this award. It proved the company’s earnest effort despite the fact that foreign investments faced many obstacles due to the COVID-19 pandemic last year.

 ▲ SK IE Technology LiBS Changzhou received Changzhou City’s 2020 “Major Investment Projects Award” (left) and “Outstanding contribution award of Jintan District’s development during the 13^th Five-Year Plan period” (right)

One day later, LiBS Changzhou delivered another good news by receiving the “Outstanding contribution award of Jintan District’s development during the 13^th Five-Year Plan period.” This commendation is given to organizations or individuals who made great contribution and examples to the development of Jintan District during 13^th Five-Year Plan⁽²⁾ period of China. The award for contribution in year 2019 was given to Kwon Gi Yong of SK IE Technology’s Material Project Unit. This time, Lee Hyeon Sam, leader of SK IE Technology’s China Management Support Unit was awarded for his contribution in year 2020. This is also the second consecutive year that a member of LiBS Changzhou received this honor.

(2) The 13^th Five-Year Plan of China: The Five-Year Plans are a series of social and economic development initiatives issued since 1953 in China. The 13th Five-Year Plan covers from year 2016 to 2020.

SK IE Technology started building the manufacturing facility in Changzhou in early 2019 with expected annual production capacity of 340 million m². The plant completed construction in August last year and began commercial production in November. With the operation of the Changzhou plant, SK IE Technology has increased its production capacity to a total of 870 million m², including 530 million m² produced at its domestic factories in North Chungcheong Province, Korea. Another facility with the same capacity as Changzhou plant is being built in Poland.

 ▲ SK IE Technology’s LiBS plant in Jeungpyeong, South Korea (left) and in Changzhou, China (right)