BASF, TODA KOGYO CORP joint venture cathode active materials in japan

BASF, TODA KOGYO form cathode active materials JV in Japan

11:33 AM, 30th October 2014
BASF, TODA KOGYO CORP joint venture for cathode active materials in japan
BASF headquarters in Germany.

TOKYO, JAPAN/LUDWIGSHAFEN, GERMANY: BASF, the world’s leading chemical company, and TODA KOGYO CORP, an industry leader in the development and manufacture of cathode materials for lithium-ion batteries, have agreed to form a joint venture for cathode active materials (CAM) in Japan.

Under terms of the agreement, BASF will acquire a 66 per cent ownership stake in the new venture, with TODA KOGYO CORP holding a 34 per cent ownership stake. BASF and TODA KOGYO CORP will combine their respective CAM businesses, intellectual property and production assets in Japan in the joint venture, which will operate under the trade name BASF TODA Battery Materials, LLC. Closing of the joint venture agreement and the launch of operations for the newly formed company is expected to take place by the end of February 2015.

“We are pleased to announce an agreement to form a joint venture with BASF. Because the lithium-ion battery market continues to expand globally, we concluded that we need a strong alliance partner that would enable us to create more value than simple consolidation and to advance our cathode materials business synergistically. By forming a joint venture, we are confident that we will be able to strengthen safety, quality, cost competitiveness and global coverage and provide these key factors to the market to drive our joint success in this industry,” said Tadashi Kubota, Chairman, TODA KOGYO CORP.


© Worldofchemicals News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

CF Industries temporarily shuts nitrogen complex in Woodward, US

DEERFIELD, US: CF Industries Holdings, Inc announced that its entire Woodward, Oklahoma, nitrogen complex is off-line due to a problem in one of the b ...

Read more
Ineos to close Barex resins facility in Ohio, US

ROLLE, SWITZERLAND/OHIO US: Ineos Barex AG announced its intention to close the Barex plant in Lima, Ohio, US. The plant is the sole Ineos facility th ...

Read more
Liquid helium provides new way to make charged molecules

LEICESTER, UK: A collaboration between researchers at the Universities of Leicester and Innsbruck has developed a completely new way of forming charge ...

Read more
Johnson Matthey to acquire Clariant’s battery materials business for $75 million

LONDON, UK: Johnson Matthey has entered into an agreement to acquire the battery materials business of Clariant AG for $75 million. The transaction, w ...

Read more
BASF, IMCD extend acrylic monomer partnership in Iberia

ROTTERDAM, THE NETHERLANDS: IMCD NV announced that its BASF standard acrylic monomer partnership was extended to the Iberian region. IMCD has partnere ...

Read more
Shin-Etsu to build silicone-electronics materials research centre in Japan

TOKYO, JAPAN: Shin-Etsu Chemical Co Ltd announced the construction of a new research building at its Silicone-Electronics Materials Research Centre in ...

Read more uses cookies to ensure that we give you the best experience on our website. By using this site, you agree to our Privacy Policy and our Terms of Use. X