Invests 7 billion HUF to set up manufacturing subsidiary in Pest County
Tokyo, Japan and Ujhartyan, Hungary—Toyo Ink SC Holdings Co., Ltd., the Japan-based parent company of the specialty chemicals manufacturer Toyo Ink Group, announced today the official opening of a new wholly-owned manufacturing subsidiary, Toyo Ink Hungary LLC, in Ujhartyan in Pest County, Hungary. The new entity produces and markets Lioaccum™ carbon nanotube (CNT) conductive dispersions for lithium-ion battery cathodes specifically developed for electric vehicles (EVs). The high-performance dispersions produced at the Ujhartyan site will be supplied to SK On, a leading South Korea-based supplier of high-energy-density EV batteries for global automakers like the Volkswagen Group. The 7-billion-HUF investment to set up Toyo Ink Hungary is part of a long-term business plan of the Toyo…
Toyo Ink Opens CNT Conductive Dispersion Factory for Li-ion Batteries in Hungary
