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| October 25, 2010 |
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| Production of Electrolyte for Li-ion Batteries to Start in the UK and the US |
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| Mitsubishi Chemical Corporation |
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Mitsubishi Chemical Corporation ("MCC"; Head office: Minato-ku, Tokyo; President: Yoshimitsu Kobayashi) has decided to establish new companies to manufacture and sell electrolyte for Li-ion batteries (LiBs) in the UK and the US.
Both new operations will be located on the premises of production sites of Lucite International Group Limited (Head office: Southampton, the UK; CEO: Ian R. Lambert) that is the wholly-owned subsidiary of Mitsubishi Rayon Co., Ltd. (Head office: Minato-ku, Tokyo; President: Masanao Kambara).
MCC, as the only company in the world to provide all four key LiB materials - electrolyte, anode, cathode, and separator, will further develop the LiB materials business by offering optimal material solutions meeting customer needs and being committed to consistent quality and global supply.
1. Outline of the New Company in the UK
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Name |
TBD |
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Location |
Billingham, Stockton-on-Tees, the UK |
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Capital |
8.3 million GBP (Approx. 1.1 billion JPY) - MCC 100% - |
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Production Capacity |
10,000 MT/Year |
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Capital Expenditure |
Approx. 2.5 billion JPY (Under examination) |
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Commercial Operation |
Scheduled to begin in the autumn of 2011 |
2. Outline of the New Company in the US
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Name |
TBD |
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Location |
Memphis, Tennessee, the US |
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Capital |
13.1 million USD (Approx. 1.1 billion JPY) - MCC 100% - |
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Production Capacity |
10,000 MT/Year |
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Capital Expenditure |
Approx. 2.5 billion JPY (Under examination) |
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Commercial Operation |
Scheduled to begin in the summer of 2012 |
3. MCC's Capacity Expansion Plan of the Four Key LiB Materials
(Unit: "m2/Year" for separator, "MT/Year" for the others)
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Production
Capacity,
Location |
Capacity Expansion Plan,
Location,
Commencement of
Commercial Operation |
Target Capacity
in 2015 |
Expansion
Area |
| Electrolyte |
8,500,
Yokkaichi |
+5,000,
Yokkaichi,
Feb. 2012
+10,000,
the UK,
Autumn 2011
+10,000,
the US,
Summer 2012 |
50,000 |
Japan and
Overseas |
| Anode |
3,000
Sakaide |
+2,000,
Sakaide,
Dec. 2010
+2,000,
Sakaide,
May 2011
+4,000,
China,
Mar. 2012 |
35,000 |
Japan and
Overseas |
| Cathode |
600
Mizushima |
+1,600,
Mizushima,
Oct. 2010 |
15,000 |
Japan |
| Separator |
12 million,
Nagahama,
Mitsubishi Plastics, Inc. |
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72 million |
Japan |
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Expected Sales of Four Materials
in Fiscal 2010: 17 billion JPY |
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Expected Sales of Four Materials
in Fiscal 2015: 80 billion JPY |
Locations of the New Companies
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| Lucite, the UK |
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Lucite, the US |
| For further information, please contact |
Public Relations Department,
Mitsubishi Chemical Corporation |
| Tel: [+81] 3-6414-3730 |
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