Mitsui Engineering, Toda Kogyo form joint venture LFP production
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Mitsui Engineering, Toda Kogyo form joint venture for LFP production

8:45 PM, 3rd January 2012
Mitsui Engineering, Toda Kogyo form joint venture for LFP production

TOKYO, JAPAN: Mitsui Engineering and Shipbuilding Co (MES) and Toda Kogyo, have concluded to jointly build a facility at Chiba, Japan for commercial production of lithium iron phosphate (LFP) of capacity 2,100 tonne per year. The new facility is expected to start its operation in fiscal year 2012.

The companies have jointly established “M&T Olivine Co Ltd” with capital of ¥100 million for feasibility study of commercialization of LFP and to increase its capital to get the company into production and sales in the market. MES holds 51per cent of M&T Olivine Co Ltd and Toda 49 per cent.

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