Asahi Glass Co. Ltd. (AGC) recently announced plans to establish a new production and sales site in China for cathode materials for the lithium-ion batteries (LiB) used in mobile devices and electronic vehicles, as part of its enhanced efforts in the LiB materials business. AGC Seimi Chemical Co. Ltd., a subsidiary of the company, will convert a Chinese LiB cathode materials manufacturer into its subsidiary, with production scheduled to begin around April 2012. This will approximately double the current production capacity of the AGC Group for cathode materials.
Following the rapid increase in the global demand for LiB, the market for cathode materials grew to 40,000 tons per year in 2010. The market is expected to expand to about 300,000 tons per year in 2020 due to a dramatic increase in the future demand for automotive use. The new AGC Seimi subsidiary will be the AGC Group’s first overseas production and sales site for LiB cathode materials.
For more information, visit www.agc.com