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  Apr 17
    We’re committed to expanding our fuel cell catalysts production capacity to support our automotive customers like… https://t.co/npZVFFlyfJ
  • @UmicoreGroup  Apr 17
    As a materials technology company, we focus our research and development efforts on key global challenges like clea… https://t.co/G4v586rplP
  • @UmicoreGroup  Apr 16
    .@UGent helped our SVP of Government Affairs gain insights on catalysis. Now he uses his knowledge to make this wor… https://t.co/YkYzbF45Fl
  • @UmicoreGroup  Apr 10
    Today, our Powered by Umicore teams are visiting our recycling activities in Hoboken. Given the battery technology… https://t.co/TMrDyLtEBg
  • @UmicoreGroup  Apr 2
    #Metathesis is an exceptional tool for the reliable, scalable and user-friendly creation of high-value molecules.… https://t.co/ilJchOIXhu
  • @UmicoreGroup  Apr 1
    We're looking for great people to join our new plant in Poland. At the Nysa job fair, for example! Looking for an e… https://t.co/acyu6pXbMK
  • @UmicoreGroup  Mar 30
    Umicore is a great place to develop your career. Wonder why? Our Chinese colleague Mindy Hu shares her testimonial… https://t.co/gpNxrHTMSN
  • @UmicoreGroup  Mar 29
    Did you know we opened no fewer than 3 new Automotive Catalysts plants in the past five years? Read about this and… https://t.co/BCVhghpSVL
  • @UmicoreGroup  Mar 29
    It's always a pleasure to meet our favourite #FormulaE team! ????️⚡️???? https://t.co/G7tCen561A
  • @UmicoreGroup  Mar 27
    Today, our CEO Marc Grynberg joined a panel in Korea on sustainable and smart mobility, attended by the Queen of th… https://t.co/bdDDUM1pbQ