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  Jul 16
    Our Precious Metals Chemistry #BondMakers are excited for next week! #UmicorePMC will be attending #ALDALE2019,… https://t.co/UcS462iq6G
  • @UmicoreGroup  Jul 12
    At #UmicorePMC, we offer a collaborative approach to R&D and commercial manufacturing. Find out how our… https://t.co/ka4vrzxESo
  • @UmicoreGroup  Jul 10
    Our Precious Metal Chemistry division has over two decades experience in producing high potency active pharmaceutic… https://t.co/Tjzyf7DcXK
  • @UmicoreGroup  Jul 9
    B.K. Kang works in finance at our Rechargeable Battery Materials site Cheonan, South Korea. Check out why she chose… https://t.co/ZCpAd0jLxg
  • @UmicoreGroup  Jul 8
    On 3 July 2019, a peripheral installation of the smelter at our recycling plant in Hoboken, Belgium, caught fire. T… https://t.co/nY5G3a3U4N
  • @UmicoreGroup  Jul 8
    Join us in Cambridge, MA, for our inaugural Umicore #CatalysisDay! The event is an exclusive opportunity to hear gr… https://t.co/kgdYsJN5LH
  • @UmicoreGroup  Jul 5
    @TKSpublisher Hi! The link appears to be wrong, indeed. Sorry about that! Here's a working link:… https://t.co/hsqEY4WcZk
  • @UmicoreGroup  Jul 5
    Our Precious Metals Chemistry division recently announced an expansion of its extensive #catalyst portfolio. We now… https://t.co/3Uy7liLiVL
  • @UmicoreGroup  Jul 2
    Together with @Voxdale, we developed the 12V battery of the @MahindraRacing @FIAFormulaE racing car. @sam_dejonghe… https://t.co/BMMfrOGhUB
  • @UmicoreGroup  Jul 1
    We're in Barcelona for @isom23bcn's International Symposium on Alkene #Metathesis. Make sure to meet our Precious M… https://t.co/IQwEHoJ1fc