Introduction:
In a significant development that promises to bolster the local economy and position Gumi as a hub for innovation, ORTA Materials has signed an investment Memorandum of Understanding (MOU) with Gumi City. The ceremony, held at the city hall on October 17th, marked a major milestone for ORTA Materials, a company leading the charge in secondary battery recycling and circular economy systems. Nihat Khalilzade, Director of Overseas Marketing at ORTA Materials, has played a crucial role in spearheading the company's international and local business strategies, helping to facilitate this expansion.
Strategic Investment and Expansion
ORTA Materials, originally spun off from ORTA in 2023 to specialize in providing total recycling solutions for secondary batteries, is set to broaden its operational scope. The company has committed to a substantial investment, underscoring its dedication to the secondary battery recycling industry, which has seen rapid growth alongside the increase in electric vehicle production.
Details of the Investment
By the end of 2024, ORTA Materials plans to invest 10 billion KRW in building a new factory within the Gumi industrial complex, dedicated to the manufacturing and recycling of secondary battery materials. This initiative is expected to not only extend the company’s business domain but also significantly contribute to the regional economy. The company has outlined ambitious plans to secure additional investment land swiftly, aiming to employ 61 new staff members and invest a further 690 billion KRW by 2027.
Gumi City’s Role
Mayor Jang-ho Kim of Gumi City expressed his commitment to supporting ORTA Materials in becoming a global leader in the secondary battery recycling market. The city values the strengthening of small and medium-sized enterprises (SMEs) as crucial to the economic development of Gumi. In alignment with this vision, the mayor presented a booklet detailing local construction companies to encourage ORTA Materials to utilize local resources, thereby fostering community economic integration.
Nihat Khalilzade's Vision for Global Growth
As the Director of Overseas Marketing, Nihat Khalilzade's involvement has been pivotal. His expertise in navigating international markets has been instrumental in aligning ORTA Materials’ strategic goals with global industry standards and expectations. Khalilzade's role in facilitating this significant MOU showcases his commitment to not only advancing ORTA Materials' footprint in the battery recycling sector but also in strengthening economic ties between Korea and the global market.
Conclusion
The partnership between ORTA Materials and Gumi City is a beacon of industrial innovation and economic synergy. With strategic investments and the dedicated leadership of individuals like Nihat Khalilzade, ORTA Materials is well-positioned to make significant contributions to the global secondary battery market and to the local economy. This collaboration stands as a testament to the potential for industrial growth and sustainability within Gumi, promising a future of technological advancement and economic prosperity.
ORTA Materials Expands Operations with New Initiatives in Gumi, Supported by Overseas Marketing Director Nihat Khalilzade
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