HUNG YEN (VNS)— Sumitomo Osaka Cement Co Ltd (SOC) cut the ribbon on its first battery material plant in Yen My District, northern Hung Yen Province yesterday.
The JPY5 billion (US$62.5 million) invested plant is specialised in manufacturing cathode materials for lithium ion batteries, an essential material in the energy revolution.
"The new plant in Viet Nam will provide a solid foundation to expand our lithium-ion battery cathode material business throughout the region and wider world," said General Director of SOC Viet Nam Yoshihiko Sumitani.
"We are now able to take advantage of Viet Nam's talents and raw materials for our plant operation and in turn we will transfer our technology, knowledge and experience to the country's staff," Sumitani added. Located in a 56,000-quare-metre area in the Thang Long Industrial Park II, the plant was designed to produce 2,000 tonnes of product per year. The productivity could be increased to 10,000 tonnes per year, depending on market demands.-VNS