Asahi Kasei to Build 180-B.-Yen Plant in Canada
Tokyo, April 25 (Jiji Press)--Japanese chemical maker Asahi Kasei Corp. said Thursday that it will build a plant in Canada to manufacture separators, a key insulating component of lithium ion batteries for electric vehicles, in a joint investment with Japan's Honda Motor Co. worth 180 billion yen.
The plant is expected to operate from fiscal 2027 and primarily supply separators for Honda's EVs. The Development Bank of Japan will also invest in the business.
(2024/04/25-18:58)
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