SK Group has big plans here

In a statement, SK Group said that in January 2021, SK Nexilis announced a capital expenditure of RM2.3bil to set up a copper foil manufacturing facility in Sabah, which will be part of SK Group’s electric vehicle (EV) value chain.

KUALA LUMPUR: SK Group, South Korea’s second-largest conglomerate, has committed over US$700mil (RM2.9bil) worth of investments in Malaysia in 2021, and intends to increase its investments in the country.

In a statement, it said that in January 2021, SK Nexilis announced a capital expenditure of RM2.3bil to set up a copper foil manufacturing facility in Sabah, which will be part of SK Group’s electric vehicle (EV) value chain.