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Lakatos Koves & Partners Advises Toyo Ink on Entering Hungarian Market with New Plant

Lakatos Koves & Partners Advises Toyo Ink on Entering Hungarian Market with New Plant

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Lakatos Koves & Partners has advised the Japan-based Toyo Ink Group on its market entry and operation of its new battery component plant in Hungary.

According to LKT, the Toyo Ink Group has set up a new plant in Ujhartyan, Pest County, which is also its first European plant, on top of existing production sites in China, Japan, and the US. "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 inserting active materials to boost battery capacity and performance," the firm informed. "The Hungarian operation is of strategic importance for the group and for Hungary also."

LKT’s team included Partners Attila Ungar and Adam Mattyus, Counsel Eva Bognar, Senior Lawyers Nora Szigeti and Kornel Dirner, and Junior Lawyer Fanni Balas.

Hungary Knowledge Partner

Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

The firm advises a broad range of clients, including numerous multinational corporations. 

Our activity focuses on the following practice areas: M&A, company law, litigation and dispute resolution, real estate law, banking and finance, project financing, insolvency and restructuring, venture capital investment, taxation, competition, utilities, energy, media and telecommunication.

Nagy és Trócsányi is the exclusive member firm in Hungary for Lex Mundi – the world’s leading network of independent law firms with in-depth experience in 100+countries worldwide.

The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

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