Johnson Matthey acquires A123’s cathode materials manufacturing facility

Johnson Matthey acquires A123’s cathode materials manufacturing facility

12:09 PM, 8th October 2014
Johnson Matthey acquires A123’s cathode materials manufacturing facility

LONDON, UK: Johnson Matthey recently completed acquisition of A123’s cathode materials manufacturing facility. The plant, in Changzhou, China produces lithium iron phosphate (LFP), the cathode material that A123 has historically used across its product portfolio and the companies have entered into a long term supply agreement where Johnson Matthey will supply all of A123’s LFP requirements.

A123 retained ownership of its intellectual property in battery materials and Johnson Matthey will produce A123’s Nanophosphate formulation of LFP exclusively for A123. Johnson Matthey will work with A123 and with other customers in the lithium ion cell industry to develop and commercialise a range of advanced battery materials.

“This deal is good for both companies as A123 seeks to rationalise its supply chain while Johnson Matthey can leverage its substantial experience in the manufacturing of specialised materials. We look forward to a long and prosperous relationship with the Johnson Matthey team,” said Jason Forcier, CEO, A123 Systems.

 

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