Mitsubishi Chemical invests about 1.5 billion yen to respond to China's growing automotive battery market
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Recently, Mitsubishi Chemical Corporation announced its investment plan for the coming year. Mitsubishi Chemical Corporation decided to invest approximately 1.5 billion yen to increase the production capacity of battery anode materials.
It is reported that with the significant expansion of the automotive and smart phone market, Mitsubishi Chemical decided to invest approximately 1.5 billion yen, doubling the production capacity of the lithium-ion battery negative electrode material of its wholly-owned subsidiary, Qingdao Ya Candomo Chemicals Co., Ltd.
It is expected that by the fall of 2012, Qingdao Jacobs Chemicals Co., Ltd. will increase its annual production capacity to 8,000 tons. At present, Qingdao Yoneng has production equipment with an annual output of 4,000 tons of anode materials.
About Mitsubishi Chemical
Mitsubishi Chemical Corporation is an integrated company formed by the merger of Mitsubishi Kasei Corporation and Mitsubishi Petrochemical Co., Ltd. on October 1, 1994. Mitsubishi Chemical Hong Kong Limited has 30 years of market experience in Hong Kong and mainland China. There are currently 4 office locations: Hong Kong Head Office and Beijing Representative Office, Shanghai Representative Office and Guangzhou Representative Office. 