LKT advises TOYO INK, leading Japanese battery supplier's new plant to boost local EV industry

We are proud to advise Japan-based Toyo Ink Group with regard to all legal aspects of its market entry and operation in Hungary concerning its new plant that has been raised in Hungary, Újhartyán (Pest County), being Toyo Ink Group’s first European plant, on top of existing production sites in China, Japan and the U.S.

The HUF 7 billion investment creating 45 jobs marks a key milestone in the business strategy of the Japanese-owned company, as it is planning to further expand due to the rising global demand for electric vehicles. In the newly inaugurated facility Lioaccum CNT dispersion will be produced that helps cut manufacturing costs and reduce cell space of batteries, which allows to insert active materials to boost battery capacity and performance. The Hungarian operation is of strategic importance for the Group and for Hungary also.

The LKT legal team is led by Attila Ungár, Real estate Partner, Ádám Máttyus, Corporate Partner and Éva Bognár, Head of Employment and also includes Nóra Szigeti and Kornél Dirner, Senior Corporate Lawyers and Fanni Balás, Junior Real Estate Lawyer.