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South Korea.

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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LG Chem closes South Korean facility but launches home ESS

Tue, 08/11/2015 - 11:14 -- Paul Crompton
LG Chem closes South Korean facility but launches home ESS

Poor profitability has led LG Chem is to sell off its secondary battery separator production facilities in Ochang, South Korea.

The company will dispose of its facilities in the plant, according to a BusinessKorea report.

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