Capchem intends to invest battery chemical project in United States
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Company News
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Time of issue:
2023-06-29 17:40
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Recently, Capchem intended to set up a battery chemicals production base in Ohio, United States, through its wholly-owned subsidiary Capchem Technology USA Inc. The total investment of this project (two phases) amounts to approximately USD 120 million, including first-phase investment of about USD 75 million. The phase-I project is estimated to be put into operation in the second quarter of 2025.
This project highlights Capchem’s material step taken to go global. Capchem will provide customers with more superior products and services as promised, and make positive contributions to global carbon reduction and carbon neutrality.
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