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Asahi Kasei Battery Separator Corporation Breaks Ground on Lithium-ion Battery Separator Plant in the Niagara Region

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Asahi Kasei Battery Separator Corporation Breaks Ground on Lithium-ion Battery Separator Plant in the Niagara Region
News

News

Asahi Kasei Battery Separator Corporation Breaks Ground on Lithium-ion Battery Separator Plant in the Niagara Region

2024-11-18 21:30 Last Updated At:21:50

TOKYO & NOVI, Mich. & DÜSSELDORF, Germany--(BUSINESS WIRE)--Nov 18, 2024--

Asahi Kasei Battery Separator Corporation marked a significant step in its commitment to supporting the North American electric vehicle (EV) market by breaking ground on its new lithium-ion battery separator manufacturing facility in Port Colborne, Ontario, Canada. The plant is expected to begin commercial production in 2027, subject to obtaining permits and approvals from relevant authorities. It is planned to operate as a joint venture facility between Asahi Kasei and Honda.

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Samuel Mills, President of Asahi Kasei Battery Separator Canada Corp. (Photo: Business Wire)

Samuel Mills, President of Asahi Kasei Battery Separator Canada Corp. (Photo: Business Wire)

Hiroyoshi Matsuyama, Senior Executive Officer of Asahi Kasei Corp. (Photo: Business Wire)

Hiroyoshi Matsuyama, Senior Executive Officer of Asahi Kasei Corp. (Photo: Business Wire)

Manabu Ozawa, Managing Executive Officer of Honda Motor Co., Ltd. (Photo: Business Wire)

Manabu Ozawa, Managing Executive Officer of Honda Motor Co., Ltd. (Photo: Business Wire)

The groundbreaking ceremony (Photo: Business Wire)

The groundbreaking ceremony (Photo: Business Wire)

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241118853584/en/

The groundbreaking ceremony, held on November 14, welcomed several government officials as well as Asahi Kasei and Honda executives. The facility, expected to create more than 300 full-time jobs in the first phase, will have the capacity to produce approximately 700 million square meters of coated lithium-ion battery separator per year. The coated battery separator is a vital component of the battery that keeps the positive and negative electrodes from touching, preventing short circuits, while allowing lithium ions to pass through, which allows energy to be stored. The project will move into visible construction phases in the coming months, including structural development and utility connections to support the building.

“This facility signifies a bold step in advancing innovation in battery technology,” said Koshiro Kudo, President and Representative Director of Asahi Kasei Corporation. “We are establishing a center of excellence here in Port Colborne that will further position Asahi Kasei as a leader in meeting the growing demand for electric vehicle battery separators across North America, helping drive the energy transition forward with cutting-edge technology.”

The Port Colborne plant will effectively be Canada's first large-scale wet-process separator facility, strengthening Asahi Kasei’s energy storage business and contributing to its growth strategy. The battery separators play a critical role in lithium-ion batteries, enabling higher energy density and long-term durability, essential for EVs and other energy storage applications.

Asahi Kasei has already started local hiring, with more than five employees supporting the project’s startup phase. In September, the company held a community open house at the Vale Health & Wellness Centre in Port Colborne, offering a venue for the community to learn more about the project and upcoming career opportunities. Asahi Kasei is committed to local engagement and economic growth and has begun earthworks using provincial companies and contractors.

To learn more about the Port Colborne battery separator manufacturing facility, visit Welcome | Asahi Kasei Battery Separator Canada.

About Asahi Kasei

The Asahi Kasei Group contributes to life and living for people around the world. Since its foundation in 1922 with ammonia and cellulose fiber business, Asahi Kasei has consistently grown through the proactive transformation of its business portfolio to meet the evolving needs of every age. With more than 49,000 employees worldwide, the company contributes to sustainable society by providing solutions to the world’s challenges through its three business sectors of Material, Homes, and Health Care. For more information, visit www.asahi-kasei.com.

Asahi Kasei is also dedicated to sustainability initiatives and is contributing to reaching a carbon neutral society by 2050. To learn more, visit https://www.asahi-kasei.com/sustainability/.

Samuel Mills, President of Asahi Kasei Battery Separator Canada Corp. (Photo: Business Wire)

Samuel Mills, President of Asahi Kasei Battery Separator Canada Corp. (Photo: Business Wire)

Hiroyoshi Matsuyama, Senior Executive Officer of Asahi Kasei Corp. (Photo: Business Wire)

Hiroyoshi Matsuyama, Senior Executive Officer of Asahi Kasei Corp. (Photo: Business Wire)

Manabu Ozawa, Managing Executive Officer of Honda Motor Co., Ltd. (Photo: Business Wire)

Manabu Ozawa, Managing Executive Officer of Honda Motor Co., Ltd. (Photo: Business Wire)

The groundbreaking ceremony (Photo: Business Wire)

The groundbreaking ceremony (Photo: Business Wire)

Trading on Wall Street was quietly mixed early Monday ahead of a set of highly-anticipated earnings reports from some of the nation's biggest retailers.

Futures for the S&P 500 rose just 0.1% before the bell, while futures for the Dow Jones Industrial Average fell back 0.1%.

Walmart, Target, Lowe's and The Gap all report earnings this week and should provide analysts another perspective on how American consumers are spending ahead of the holiday season.

A report Friday showed shoppers spent more at U.S. retailers last month than expected, suggesting consumer spending, the most influential force on the economy, remains solid.

Shares of Elon Musk's Tesla jumped 5.7% in premarket trading Monday after Bloomberg News reported that the incoming Trump Administration is prioritizing loosening regulations for self-driving vehicles.

Tesla, the electric vehicle company that made Musk the world’s wealthiest person, has had repeated skirmishes with the government regulators over recalls and other investigations. Earlier this month, the National Highway Traffic Safety Administration accused Tesla of telling drivers in public statements that its vehicles can drive themselves, conflicting with owners manuals and briefings with the agency saying the electric vehicles need human supervision.

The NHTSA has asked the company to “revisit its communications” to make sure messages are consistent with user instructions.

The AP reported last week that Musk’s super PAC spent around $200 million to help elect Donald Trump.

Chipmaker Nvidia fell 2.2% on reports that some of their AI chips have been overheating. Nvidia reports its latest earnings on Wednesday.

Elsewhere, in Europe at midday, Germany's DAX lost 0.3%, while the CAC 40 in Paris edged 0.2% lower. Britain's FTSE 100 fell 0.1%.

In Asian trading, Japan's Nikkei 225 index dropped 1.1% to 38,220.85 as the yen initially regained some strength against the U.S. dollar after the central bank governor, Kazuo Ueda, indicated that the Bank of Japan will continue to raise interest rates as conditions permit.

The dollar climbed to 155.31 Japanese yen from 154.54 yen late Friday. It had been trading above 156 yen last week.

South Korea's Kospi jumped 2.2% to 2,469.07 after Samsung Electronics, the country's biggest company, announced a share buyback plan. Samsung's shares jumped 6%.

Chinese markets were mixed. The Hang Seng in Hong Kong added 0.8% to 19,576.61, while the Shanghai Composite index shed early gains to close down 0.2% at 3,323.55.

Elsewhere in Asia, Australia's S&P/ASX 200 edged 0.2% higher, to 8,300.20. Taiwan's Taiex lost 0.9% and the SET in Bangkok picked up 0.7% as the government announced that Thailand's economy grew more than expected in the last quarter.

In other dealings early Monday, U.S. benchmark crude oil added 35 cents to $67.37 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude climbed 47 cents to $71.51 per barrel.

The euro bought $1.0539, up from $1.0534 late Friday.

FILE - People pass the New York Stock Exchange on Nov. 5, 2024, in New York. (AP Photo/Peter Morgan, File)

FILE - People pass the New York Stock Exchange on Nov. 5, 2024, in New York. (AP Photo/Peter Morgan, File)

Trader Robert Charmak works on the floor of the New York Stock Exchange, Friday, Nov. 8, 2024. (AP Photo/Richard Drew)

Trader Robert Charmak works on the floor of the New York Stock Exchange, Friday, Nov. 8, 2024. (AP Photo/Richard Drew)

FILE - A person stands near an electronic stock board showing Japan's Nikkei index at a securities firm in Tokyo, on Sept. 18, 2024. (AP Photo/Eugene Hoshiko, File)

FILE - A person stands near an electronic stock board showing Japan's Nikkei index at a securities firm in Tokyo, on Sept. 18, 2024. (AP Photo/Eugene Hoshiko, File)

FILE - A passerby moves past an electronic stock board showing Japan's stock prices outside a securities firm in Tokyo, on Oct. 11, 2024. (AP Photo/Shuji Kajiyama, File)

FILE - A passerby moves past an electronic stock board showing Japan's stock prices outside a securities firm in Tokyo, on Oct. 11, 2024. (AP Photo/Shuji Kajiyama, File)

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