People & Business :: Earnings/Finance
Kureha Secures Financing for Li-Ion Battery Technology
10:26 AM MDT | July 31, 2012 | Rebecca Coons
Kureha Battery Materials Japan (KBMJ) says Kuraray and the Innovation Network Corporation of Japan (INCJ) have agreed to invest up to ¥20.0 billion ($256 million) to support global growth of KBMJ’s lithium-ion (Li-ion) battery technology. Kureha owns a 70% stake in KBMJ, a developer of Li-ion battery anodes, while Itochu owns the remaining 30%. The investment will support KBMJ's global expansion, with a focus on its Carbotron P battery materials technology. In December 2011, Kuraray agreed with KBMJ to jointly commercialize...
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