News Release (Sumitomo Corp.)
Feb. 05, 2010
Nippon Coke & Engineering Co., Ltd
Nippon Coke & Engineering and Sumitomo Corp. to Establish a Joint-Venture Company for Lithium-Ion Battery Anode Material
~Jump up to around 2,000t/year, targeting EV and HEV~
Nippon Coke & Engineering (Located at Koto-ku, Tokyo; President Kiyoaki Ogura; hereinafter "NCE") and Sumitomo Corporation (Located at Chuo-ku, Tokyo; President and CEO Susumu Kato; hereinafter "Sumitomo") have reached to an agreement that both companies jointly establish a new company on Apr. 01, 2010 to produce and sell the anode material for lithium-ion secondary battery.
NCE has been developing the natural graphite based anode material business, including R&D, and the JV company will take over it. NCE has the patented surface treatment technology, and the anode material is currently highly valued by customers with its high-electric-density, safety and competitive price. JV company will offer these advantages to EV and HEV, as well as the other applications.
Our business plan is to expand the annual production to around 2,000mt within a few years, which is about ten times larger than the current. Having NCE's accumulated expertise in R&D and production, Sumitomo's global network, and the synergy with Sumitomo's wide range of lithium -ion battery related business, the JV company intends to set up its base to be one of the leading companies in the fast growing market. By incorporating this business, Sumitomo will be able to enlarge its business portfolio in the lithium-ion battery industry.
<About the new company>
(1)Company name : to be decided
(2)Registered office : 3-3, Toyosu 3-Chome, Koto-Ku, Tokyo
(3)Business details : Production and sales of anode material for lithium-ion battery
(4)Capital : 200 million yen
(5)Establishment : Apr. 01, 2010
(6)Shareholders : NCE 60%. Sumitomo 40%
<Main use of natural graphite base anode material>
Lithium-ion battery for electric cars and plug-in hybrid cars
Lithium-ion battery for mobile phone and lap top personal computer
Corporate Communications Department, Sumitomo Corporation
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