Ecopro secures a stake in an Indonesian smelter to obtain nickel 150enough for ten thousand vehicles
The Ecopro Group 7 month 12 day announced that it had secured a stake in the BNSI smelter in Indonesia and obtained nickel 150enough for ten thousand electric vehicles. EcoPro BM explained its paid-in capital increase plan and investment purpose at an investor IR session held from 7 month 3–10 day.
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The Ecopro Group 7 month 12 day disclosed that it had acquired a stake in an Indonesian nickel smelter and obtained nickel 150enough for ten thousand electric vehicles. The company said the acquisition would contribute to securing the domestic electric-vehicle supply chain and resources.
The stake concerns the BNSI (Bahodopi Nickel Smelting Indonesia) smelter. BNSI is under construction in Sulawesi, Indonesia, as a joint venture being pursued with PT Vale Indonesia and others.
EcoPro BM (247540) is participating as the principal entity in the project, while the Ecopro (086520) Group is advancing the project as the majority shareholder, the company disclosed.
EcoPro BM 7month 3onward, 7month 10through, held a corporate presentation for domestic and overseas institutional investors, explaining the outline of the paid-in capital increase and plans for using the funds, it said.
The company said it proactively secured the stake to respond to offshore regulations amid restrictions by the Indonesian government on permits for new smelters.
The EcoPro Group previously explained that, following its IMIP 1stage investment, BNSI's 2stage investment. Specific ownership percentages, the smelter's start of operations, and the final size of the paid-in capital increase are scheduled to be disclosed later.
Investors can check the details related to the paid-in capital increase and the smelter operation plans in future disclosures.