LG Chem, a chemical manufacturer, agreed to invest $34m in Jiujiang DeFu Technology, a manufacturer of copper laminate. LG Chem plans to focus on fostering the battery materials business as its new growth engine, thus deciding to make equity investments in DeFu, which possesses not only growth potential, but also synergy effects between businesses. With this investment, LG Chem will be able to not only strengthen its battery materials portfolio based on global business networks, but also procure the capacities in new materials businesses in the anode sector through strategic investments.