Sector News

Asahi Kasei: Dissolution of JV for lithium ion capacitor business

March 19, 2015
Chemical Value Chain
Asahi Kasei and FDK today agreed to dissolve Asahi Kasei FDK Energy Device Co., Ltd. (AFEC), their joint-venture company for the lithium ion capacitor (LIC) business, on June 30, 2015.
 
AFEC was established in October 2011 as a joint-venture company to accelerate the development of the LIC market by combining FDK’s cell and module technology and production technology with Asahi Kasei’s unique basic cell technology, and a certain degree of progress was achieved. However, due to subsequent changes in the operating environment, the pace of expansion of the LIC market was slower than expected, especially when compared to other energy storage devices. Asahi Kasei and FDK therefore determined that the business would be best managed independently, with each party focusing on its own respective management strategy. Based on this understanding, an agreement was concluded whereby Asahi Kasei will transfer its shares in AFEC to FDK on June 30, 2015.
 
Asahi Kasei will continue to develop competitive power storage devices by leveraging its unique material technologies, as well as creating new businesses by utilizing its existing energy storage materials technology.
 
Source: Asahi Kasei

comments closed

Related News

May 15, 2022

New York’s EPR and packaging reduction bills lauded as game-changers in plastic pollution battle

Chemical Value Chain

The US State of New York is introducing two new bills to combat over-packaging, poor recycling rates and litter issues, including an Extended Producer Responsibility (EPR) program requiring companies such as McDonald’s and Amazon to pay for the cost of packaging disposal and recycling.

May 15, 2022

Borealis and Reclay launch entity focused on lightweight packaging 

Chemical Value Chain

The new organization’s mission is to redesign the critical steps of the plastics sorting and recycling system for post-consumer lightweight packaging (LWP) to speed up circularity, born from a need to meet the rising market demand for high-quality recyclates for use in high-end plastic applications.

May 15, 2022

Starbucks and Hubbub launch reusable packaging fund as COVID-19 diminishes consumer appetite

Chemical Value Chain

Starbucks and Hubbub have launched a £1 million (US$1.22 million) “Bring It Back Fund” to increase the uptake of reusable packaging in the F&B industry. The funding will go toward innovative ideas that make it easier for customers to use alternatives to single-use packaging by supporting pilot projects that help shift consumption habits.