Solus Advanced Materials Co. has canceled its $210 million deal to sell European subsidiary Circuit Foil Luxembourg, citing failure to close by the deadline, and is now exploring alternative sale options.
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Solus Advanced Materials Cancels $210 Million Sale of European Subsidiary
Solus Advanced Materials Co. has canceled its $210 million deal to sell European subsidiary Circuit Foil Luxembourg, citing failure to close by the deadline, and is now exploring alternative sale options.
Solus Advanced Materials has denied SK Nexilis’s claims of trade secret infringement, asserting that the disputed copper foil technologies were independently developed and patented, as both firms pursue cross-border patent litigation.
#YonhapInfomax #SolusAdvancedMaterials #SKNexilis #TradeSecret #PatentLitigation #CopperFoil #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=79570
Solus Advanced Materials Rebuts SK Nexilis Allegations of Trade Secret Infringement
Solus Advanced Materials has denied SK Nexilis’s claims of trade secret infringement, asserting that the disputed copper foil technologies were independently developed and patented, as both firms pursue cross-border patent litigation.
Solus Advanced Materials Co. has sold its Luxembourg copper foil subsidiary for 278.4 billion won ($215 million) to focus on electric vehicle battery materials, as it ramps up battery foil production in Europe and North America amid strong EV market growth.
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Solus Advanced Materials Sells European Subsidiary for 278.4 Billion Won to Focus on Battery Foil
Solus Advanced Materials Co. has sold its Luxembourg copper foil subsidiary for 278.4 billion won ($215 million) to focus on electric vehicle battery materials, as it ramps up battery foil production in Europe and North America amid strong EV market growth.
SK Nexilis strengthened its position in the global battery copper foil market after the US PTAB upheld its patent validity, denying four out of five IPR petitions filed by Solus Advanced Materials, with litigation ongoing over the remaining claim.
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“SK Nexilis Patent Upheld” – Gains Edge in US Copper Foil Litigation
SK Nexilis strengthened its position in the global battery copper foil market after the US PTAB upheld its patent validity, denying four out of five IPR petitions filed by Solus Advanced Materials, with litigation ongoing over the remaining claim.
Solus Advanced Materials Signs Battery Foil Supply Deal with China’s CATL—First for a Korean Firm
Solus Advanced Materials becomes the first Korean supplier to sign a battery foil deal with CATL, targeting the European EV market from 2026 via its Hungarian plant.
[From the Field]No Agreement - The Reasons Behind Solus vs SK Nexilis Stalemate
SK Nexilis and Solus Advanced Materials continue legal battle over battery copper foil market, with strategic implications for North American dominance and customer relationships
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