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.