18 December 2017

Umicore held ground-breaking ceremony in Jiangmen, China

Umicore held today in Jiangmen (China) the ground-breaking ceremony for its greenfield production site for cathode materials used in Li-Ion rechargeable batteries. The new site will be close to Umicore’s existing cathode materials production plant in Jiangmen and is part of the investment programme that was announced on 8 May 2017. It will provide Umicore additional space to significantly increase its production of NMC (nickel-manganese-cobalt) cathode materials for electrified vehicles to meet growing customer demand. Global demand is increasing fast with demand for Umicore’s NMC materials significantly outpacing the market.

Marc Grynberg, CEO of Umicore, commented: “We are committed to supporting the rapid growth of our customers with significant investments close to their production sites. It is rewarding to see confirmation of our leadership in clean mobility materials and we are excited about the prospects for our business.”

Note to editors

Umicore announced an investment programme of € 300 million between 2017 and 2019 to further increase its production of NMC cathode materials for lithium-ion rechargeable batteries. This programme entails further investments in Cheonan (South Korea) and Jiangmen (China). Combined with the € 160 million investment announced in 2016, this will result in a more than six-fold increase in total capacity by 2020 compared to the levels of 2015.


Dutch
French

Tag: Energy

Tweets

  • @UmicoreGroup  Jun 14
    We are a proud partner of Voxdale who won a CLEPA Innovation Award for the joint development with Umicore of an inn… https://t.co/0mMqxmzZJw
  • @UmicoreGroup  Jun 8
    Missed the live webcast of #UmicoreCMD in Seoul? Get the presentations, transcripts and watch the replay to find ou… https://t.co/s6LFRveGmN
  • @UmicoreGroup  Jun 7
    Day 2 of #umicoreCMD comes to an end. Thank you to everyone who travelled to Seoul and to all those who joined our… https://t.co/Pcd30MvShV
  • @UmicoreGroup  Jun 7
    Day 2 of #umicoreCMD and we’re off to visit Umicore’s state of the art facilities in Cheonan and Incheon. Watch the… https://t.co/Hu8kUeaj8j
  • @UmicoreGroup  Jun 6
    Day 1 of #UmicoreCMD has come to an end. Thank you to everyone who watched the live webcast. You can watch the repl… https://t.co/YMmvhOMco9
  • @UmicoreGroup  Jun 6
    Our Keynote Professor Gerbrand Ceder from UC Berkeley is sharing with us “The future of energy storage and electrif… https://t.co/ZOWrwV0AHW
  • @UmicoreGroup  Jun 6
    Closing remarks from our CEO Marc Grynberg “Umicore's unique positioning remains unchanged since the previous CMD i… https://t.co/J8zo3goTFf
  • @UmicoreGroup  Jun 6
    “The roadmap towards clean mobility will be technology driven. Umicore's innovation roadmap spans the next 20 years… https://t.co/9Xd5rkj2X0
  • @UmicoreGroup  Jun 6
    During the break at #UmicoreCMD our guests were at the Royal Guard Changing Ceremony here in Seoul. We’ll be back s… https://t.co/2LNSSSQ8Ju
  • @UmicoreGroup  Jun 6
    Our SVP for Rechargeable Battery Materials Kurt Vandeputte confirms “Increasing electrification drives massive mark… https://t.co/7HD0uM0w3k