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| September 28, 2011 |
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| Production of Formulated Electrolyte for Li-ion Batteries to Start in China |
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| Mitsubishi Chemical Corporation |
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Mitsubishi Chemical Corporation ("MCC"; Head office: Minato-ku, Tokyo; President: Yoshimitsu Kobayashi) will establish a new subsidiary in China in February 2012 to manufacture and sell formulated electrolyte for Lithium-ion batteries (LiBs).
Battery production in China is expected to grow rapidly, both for the consumer electronics and for the emerging automotive applications. MCC anticipates a sharp raise in demand for formulated electrolyte in the near future. To meet this strong market demand, MCC will build capacity in China through a new subsidiary, which will manufacture and sell formulated electrolyte. In addition to new operation sites in the UK and the US, which were announced last year, MCC will accelerate the global expansion of its formulated electrolyte business.
The new subsidiary will be the second branch of MCC's battery materials business in China, following Qingdao Anode Kasei Co., Ltd., which was announced in September 2010 and manufactures and markets anode material.
MCC will continue to develop its LiB materials business by providing all four key materials (formulated electrolyte, anode, cathode, and separator). MCC will offer optimal material solutions to meet customer needs, provide the products with consistent quality, and establish a stable global supply network.
| Outline of the new company in China |
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Company Name |
TBD |
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Location |
Changshu City, Jiangsu Province, PRC |
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Production Capacity |
10,000MT per year |
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Capital Expenditure |
Approx. 2.5 billion Japanese Yen (planned) |
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Commercial Operation |
End of 2012 (scheduled) |
| <Reference> |
| MCC's Capacity Expansion Plan of the Four Key Materials for LiBs |
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Production
Capacity,
Location |
Capacity Expansion Plan,
Location,
Commencement of
Commercial Operation |
Target Capacity
by 2015 |
| Formulated Electrolyte |
8,500MT
Yokkaichi |
+5,000MT
Yokkaichi
Feb. 2012
+10,000MT
United Kingdom
Autumn 2011
+10,000MT
United States
Summer 2012
+10,000MT
China
Winter 2012
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50,000MT |
| Anode |
7,000 MT
Sakaide |
+4,000MT
China
Mar. 2012 |
35,000MT |
| Cathode |
2,200MT
Mizushima |
n/a |
15,000MT |
| Separator |
12 MMm2
Nagahama,
Mitsubishi Plastics, Inc. |
+15MMm2
Nagahama,
Mitsubishi Plastics, Inc.
Summer 2012 |
72MMm2 |
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Note: Annual production capacity in metric tons/millions of square meters
| For further information, please contact |
Public Relations Department
Mitsubishi Chemical Corporation |
| Tel: [+81] (0)3-6414-3730 |
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