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Ecopro BM’s Pohang manufacturing complex. (Photo: Yonhap News Agency) |
[Alpha Biz= Ellie Kim] SEOUL, June 12 — Woori Investment & Securities said it has solely arranged a 120 billion won ($90 million) financing for Ecopro’s Indonesian subsidiary, supporting efforts to strengthen its nickel supply chain.
The funding was raised for PT Green Eco Nickel, Ecopro’s local unit, and will be used to expand smelting infrastructure and secure raw material supply in Indonesia.
The deal marks a notable transaction for Woori Investment & Securities following its recent capital increase, highlighting its growing role in large-scale investment banking mandates.
Ecopro plans to use the funds to diversify its nickel sourcing—currently heavily dependent on China—and reinforce its vertically integrated battery materials value chain, from nickel to precursors and cathode materials.
Indonesia, the world’s largest nickel producer, has emerged as a key hub in the global battery supply chain. Ecopro is accelerating efforts to build a stable raw materials base through its local operations.
Woori Investment & Securities said it will continue expanding financial support for future growth industries, including secondary batteries and renewable energy, as part of broader initiatives within Woori Financial Group.
Alphabiz Ellie Kim 인턴기자(press@alphabiz.co.kr)
