Mitsui, Formosa form electrolyte solution JV in China

Mitsui, Formosa form electrolyte solution JV in China

10:24 AM, 27th December 2012
Mitsui, Formosa form electrolyte solution JV in China

TOKYO, JAPAN/TAIPEI, TAIWAN: Mitsui Chemicals and Formosa Plastics Corporation have entered into an agreement on 27 December 2012 to form a joint venture company in China to manufacture and distribute electrolyte solution, one of the main components of lithium-ion batteries.

Mitsui and Formosa will take advantage of the two companies’ technologies and expertise with electrolyte solution to target early establishment of manufacturing and distribution systems for high quality electrolyte solution to respond to accelerated demand of the Chinese market.

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