Mitsui Chemicals has announced the startup of its electrolyte solution production facilities at Nagoya Works.
Tokyo/Japan — The facility will produce electrolyte solutions for the growing domestic demand for lithium-ion batteries used in laptops, smartphones, and tablet devices. The company also expects growing demand for their products for hybrid and electric vehicles.
The chemicals manufacturer owns electrolyte solution production facilities at Formosa Mitsui Advanced Chemicals in China, a joint venture between Mitsui Chemicals and Formosa Plastics Corporation to meet rising demand. Domestically, it has developed an electrolyte solution business in the form of contract production. With the startup of new facilities at Nagoya Works, the company intends to actively promote domestic business expansion and gradually move away from its existing contract production toward production at the new facilities.
The manufacturer is also advancing the expansion of its electrolyte solution production facilities at FMAC for startup in November 2017, to enhance the production and supply systems in preparation for further market expansion.