ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Asahi Kasei Battery Separator Corporation Breaks Ground on Lithium-ion Battery Separator Plant in the Niagara Region

Asahi Kasei Battery Separator Corporation marked a significant step in its commitment to supporting the North American electric vehicle (EV) market by breaking ground on its new lithium-ion battery separator manufacturing facility in Port Colborne, Ontario, Canada. The plant is expected to begin commercial production in 2027, subject to obtaining permits and approvals from relevant authorities. It is planned to operate as a joint venture facility between Asahi Kasei and Honda.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241118853584/en/

The groundbreaking ceremony (Photo: Business Wire)

The groundbreaking ceremony (Photo: Business Wire)

The groundbreaking ceremony, held on November 14, welcomed several government officials as well as Asahi Kasei and Honda executives. The facility, expected to create more than 300 full-time jobs in the first phase, will have the capacity to produce approximately 700 million square meters of coated lithium-ion battery separator per year. The coated battery separator is a vital component of the battery that keeps the positive and negative electrodes from touching, preventing short circuits, while allowing lithium ions to pass through, which allows energy to be stored. The project will move into visible construction phases in the coming months, including structural development and utility connections to support the building.

“This facility signifies a bold step in advancing innovation in battery technology,” said Koshiro Kudo, President and Representative Director of Asahi Kasei Corporation. “We are establishing a center of excellence here in Port Colborne that will further position Asahi Kasei as a leader in meeting the growing demand for electric vehicle battery separators across North America, helping drive the energy transition forward with cutting-edge technology.”

The Port Colborne plant will effectively be Canada's first large-scale wet-process separator facility, strengthening Asahi Kasei’s energy storage business and contributing to its growth strategy. The battery separators play a critical role in lithium-ion batteries, enabling higher energy density and long-term durability, essential for EVs and other energy storage applications.

Asahi Kasei has already started local hiring, with more than five employees supporting the project’s startup phase. In September, the company held a community open house at the Vale Health & Wellness Centre in Port Colborne, offering a venue for the community to learn more about the project and upcoming career opportunities. Asahi Kasei is committed to local engagement and economic growth and has begun earthworks using provincial companies and contractors.

To learn more about the Port Colborne battery separator manufacturing facility, visit Welcome | Asahi Kasei Battery Separator Canada.

About Asahi Kasei

The Asahi Kasei Group contributes to life and living for people around the world. Since its foundation in 1922 with ammonia and cellulose fiber business, Asahi Kasei has consistently grown through the proactive transformation of its business portfolio to meet the evolving needs of every age. With more than 49,000 employees worldwide, the company contributes to sustainable society by providing solutions to the world’s challenges through its three business sectors of Material, Homes, and Health Care. For more information, visit www.asahi-kasei.com.

Asahi Kasei is also dedicated to sustainability initiatives and is contributing to reaching a carbon neutral society by 2050. To learn more, visit https://www.asahi-kasei.com/sustainability/.

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  244.20
-4.90 (-1.97%)
AAPL  273.47
-1.78 (-0.65%)
AMD  258.89
+21.37 (9.00%)
BAC  54.11
+0.48 (0.90%)
GOOG  287.43
-4.31 (-1.48%)
META  609.01
-18.07 (-2.88%)
MSFT  511.14
+2.46 (0.48%)
NVDA  193.80
+0.64 (0.33%)
ORCL  226.99
-9.16 (-3.88%)
TSLA  430.60
-9.02 (-2.05%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.