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In May last year SK Group's SK Nexilis, the world's largest copper foil maker, started production at its first overseas factory at the Kota Kinabalu Industrial Park, the biggest copper foil factory in the world.“We have started part production which will be sent to clients and will then be audited.
The company also boasts the world’s longest, thinnest and widest copper foil, as thin as four micrometres, which can be described as one-fifth the thickness of clear food wrap.Currently the group has a 22 per cent market share in copper foil, with global demand predicted to grow exponentially with the use of electric vehicles.
Other considerations were English-speaking labour, and the favourable terms and conditions such as lower electricity tariffs, and corporate tax exemption. In return, SK Nexilis hired 95 per cent of its 350 strong work force from the Malaysian market, mostly Sabahans, with only key management positions held by South Korean nationals.