BASF Toda Battery Materials Co., Ltd. builds the world's largest high-nickel cathode active material calcination device in Japan
BASF and Toda Industries merge manufacturing operations in the U.S., actively respond to rapidly growing North American battery materials market
December 14, 2017-BASF and Toda Industry Co., Ltd. recently announced that they will take two important measures to enhance cooperation between the two parties, including increasing production capacity in the United States and Japan to promote the development of electric transportation for both companies in this field. Create business opportunities.
Recently, BASF's joint venture with Toda, BASF Toda Battery Materials Co., Ltd. (BTBM), has tripled the production capacity of high-nickel cathode active materials at the Onoda production base in Japan.
The company was founded in 2015 and is majority-owned by BASF. Its production capacity is mainly used to meet the rapidly growing market for positive electrode active materials. With the completion of this expansion, BASF Toda Battery Materials Co., Ltd. will operate the world's largest certified high nickel positive electrode active material sintering device to serve a growing customer base.
In addition, the two sides also announced plans for further cooperation in the United States. The two companies will merge manufacturing sites in Illyria, Ohio and Battery Creek, Michigan, to form BASF Toda America LLC (BTA). The new company, majority-controlled and managed by BASF, will provide customers with exclusive solutions in the field of high-energy positive electrode active materials, and establish its dominant position in the fast-growing North American electric transportation market.
Kenneth Lane, President of BASF Catalysts Global Business Unit, said: "BASF and Toda predict that the market demand for the electric transportation industry will maintain rapid growth. Further cooperation between the two parties in North America will help BASF become a global market leader in cathode active materials and Strengthen BASF's commitment in the battery materials market: explore vast opportunities while accelerating its own growth and expansion. "
Masaru Kubota, President of Toda Industry Co., Ltd. added: "The success of BASF Toda Battery Materials Co., Ltd. is due to the perfect combination of Toda's superior technology and BASF's global market network. Good relationships and mutual trust achieved through long-term cooperation On the basis, in the future, we will continue to enhance cooperation to create high-profit businesses. We believe that through cooperation between the two parties in Japan and the United States, we will achieve greater success in the battery materials market. "
Dr. Jianfeng Lou, Senior Vice President of BASF ’s Global Business Unit for Battery Materials, said: “With the successful expansion of the Japanese base, BASF has become one of the world ’s leading suppliers of cathode materials, further strengthening our high-energy performance in the field of electric transportation applications. The leading position in the positive electrode active material market. The cooperation between BASF and Toda in the North American market will further expand our global production network and meet customer needs through localized production in major global markets, thus making BASF a trusted partner. "