27 December 2012
Details
Mitsui Chemicals and
Formosa Plastics Corporation
agreed to form a joint venture
to manufacture and distribute
electrolyte solution ,
one of the main components in lithium-ion batteries.
WWW.CHEMWINFO.COM BY KHUN PHICHAI
Expanding market of lithium-ion batteries
- Bolstered by the growing demand of smartphone
and tablet device market, the need for lithium-ion
batteries which provide large energy capacities
in compact sizes has expanded significantly.
- Additionally, the market is expected to grow
in line with expansion of hybrid and electric vehicle use,
especially in China, demand for lithium-ion batteries
is forecasted to grow dramatically with expanded
market demands, including that for electric vehicles.
- Mitsui Chemicals and Formosa Plastics Corporation
will take advantage of the two companies' technologies
and expertise with electrolyte solution to
target early establishment of manufacturing and distributing
systems for high quality electrolyte solution to
respond to accelarated demand of chinese market
Outline of Joint Venture
- Ownership Mitsui Chemicals 50 %
Formosa Plastics Corporation 50 %
- Business Manufacture, sales and research for
electrolyte solution in China
- Location Industrial complex of FPC Ningbo, China
- Capacity 5,000 tons per year
- Schedule operational in May 2014
- Investment approximately US $ 20 million
WWW.CHEMWINFO.COM BY KHUN PHICHAI
