9 August 2016
DETAILS
have announced that they will enter
exclusive negotiations to collaborate
in cathode active materials (CAM)
and its respective precursors in North America.
The proposed collaboration would focus on
the manufacture of a broad range of CAM
and its respective precursors in North America
for use in lithium-ion batteries for
the automotive, consumer electronics
and stationary storage markets.
TODA KOGYO CORP. and BASF,
which have already collaborated in Japan
in the form of
BASF TODA Battery Materials LLC.,
would combine their respective CAM businesses
in North America to strengthen their alliance
in the global market.
BASF would have a majority ownership stake
in the proposed collaboration.
Kenneth Lane,
President of BASF’s Catalysts division
“This proposed collaboration builds on
the already successful relationship between
BASF and TODA and reinforces BASF’s commitment
to the North American cathode materials market,”
“We look forward to working with TODA
to expand our mutually rewarding relationship,
allowing us to combine our cathode materials expertise
to serve the growing North American market,”.
Tadashi Kubota,
Chairman of TODA KOGYO CORP
“In contrast to the highly mature mobile electronics
and IT industries,
the automotive lithium-ion battery market is still
in its infancy period. Starting last year,
due to a stronger demand
in China, the USA and the EU market,
over 30% growth per annum
is now expected in the coming years.
In order to achieve a top position in this supply market,
we must continue to maintain and improve
our strong capabilities in
safety, cost competitiveness, product performance,
supply capacity and recycling areas,”
“This proposed collaboration in North America
plus the existing collaboration in Japan
will create additional synergy effects
on a global scale allowing us to achieve
this goal and will further strengthen our presence
in the market.
We will continue to provide the appropriate response
to the fast growing needs of our customers
and this industry,”
Contact BASF
- BASF SE
- Sabrina van der Pütten
- Media Relations
- +49 621 60-71233
- Send Mail
BASF Corporation
Global Communications, Catalysts
Cesar F. Garcia
Phone: +1-732-205-7650
Email: cesar.f.garcia@basf.com
TODA KOGYO CORP.
Corporate Planning Department
Naotaka Tanimoto, Koji Miyahara
Phone: +81(0)82-577-0055
Email: webmaster@todakogyo.co.jp
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