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People & Business :: Earnings/Finance

Kureha Secures Financing for Li-Ion Battery Technology

8:48 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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