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LKT Advises Nippon Paper on HUF 15 Billion Investment in CMC Plant in Hungary

LKT Advises Nippon Paper on HUF 15 Billion Investment in CMC Plant in Hungary

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Lakatos Koves & Partners has advised Tokyo Stock Exchange-listed Nippon Paper Industries on a HUF 15 billion green field investment in Hungary including the acquisition and development of an industrial site and the construction of a plant in Vacratot, on the outskirts of Budapest.

Nippon Paper Industries is a Japanese paper manufacturing company.

According to LKT, the plant will “supply carboxymethyl cellulose materials for the production of electric vehicle batteries. CMC is a water-soluble, environmentally-friendly polymer derived from cellulose that is one of the materials used for lithium-ion battery anodes in EVs and a natural raw material that is used as a binder by numerous industries (construction, paper, food, pharmaceuticals, etc.) as a kind of natural adhesive. This CMC raw material is supplied to Nippon's plant in Vacratot and processed locally. Nippon intends to sell the final product to its partners in Hungary and abroad for use in the future.”

According to the firm, “production at the plant is expected to start in December 2025. The government will support the investment with HUF 2.3 billion and the plant will create close to 60 jobs.”

LKT’s team included Partner Attila Ungar and Lawyers Katalin Losonci and 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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