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Stock impact report

Asahi Kasei Announces Port Colborne, Ontario, Canada as Location of Future Lithium-ion Battery Separator Plant

ASAHI KAISEI CRP UNSP/ADR (AHKSY) 
NASDAQ:AMEX Investor Relations: asahi-kasei.co.jp/asahi/en/ir
Company Research Source: Business Wire
TOKYO & NEW YORK & DÜSSELDORF, Germany--(BUSINESS WIRE)--Asahi Kasei announced today that it will construct its previously announced integrated lithium-ion battery (LIB) separator plant in Port Colborne, which is in the Niagara region of Ontario, Canada. The new manufacturing facility will operate as Asahi Kasei Battery Separator Canada and is expected to create highly skilled, good paying jobs in manufacturing and construction. The start of commercial production is currently slated for 2027.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240515368800/en/Conceptual rendering of Asahi Kasei’s Port Colborne facility (Graphic: Business Wire)Koshiro Kudo, President & Representative Director of Asahi Kasei Corporation, who attended for the location announcement event, stated, “As demand for electric vehicles – and the lithium-ion batteries that power them – continues to rise, we are eager to bring the first Hipore™ wet-proces Show less Read more
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