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Umicore expands NMC materials production in Asia

Fri, 05/20/2016 - 13:59 -- paul Crompton
Umicore expands NMC materials production in Asia

Belgium-based materials technology giant Umicore will spend $181 million on expanding its nickel manganese cobalt (NMC) production facilities in China and South Korea.

The expansion, which will mean total capacity will triple within three years, is in answer to the surge in demand for materials used in hybrid and electric vehicles, the company says.

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