AGC Establishes Cathode Materials Facility in China
Tokyo, Dec 20, 2011 (JCN) - AGC announced that it will establish a new production and sales facility in China for cathode materials for the lithium-ion batteries (LiB) used in mobile devices and electronic vehicles, as part of its enhanced efforts in the LiB materials business.
AGC Seimi Chemical Co., a subsidiary of the Company, will convert a Chinese LiB cathode materials manufacturer into its subsidiary, with production scheduled to start around April 2012. This will approximately double the current production capacity of the AGC Group for cathode materials.
Following the rapid increase in the global demand for LiB, the market for cathode materials, which are mainly for consumer use, grew to 40,000 tons per year in 2010. The market is expected to expand to about 300,000 tons per year in 2020 due to a dramatic increase in the demand for automotive use in the future.
The AGC Group ventured into the LiB cathode materials business in the late 1990s and has been producing them in Japan to date. It has decided to reinforce the production and sales system for LiB cathode materials to accommodate the expected growth in the market.
The new subsidiary of AGC Seimi, Seimi Tongda Lithium Energy Co., Ltd., will be the AGC Group's first overseas production and sales site for LiB cathode materials.
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