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MT Carbon Steps up Marketing of Lithium Ion Battery Raw Materials

Tokyo, July 29, 2013 – (JCN Newswire) – MT Carbon Co., Ltd. (MTC) is pleased to announce that its production plant (Production Line 1) in Fukuoka, Japan started operations in April this year. Production Line 1 has now stepped up marketing activities, a major step as MTC moves closer towards the actual implementation of commercial activities at the facility. MTC is a fifty-fifty joint venture between Mitsubishi Corporation (MC) and Toda Kogyo Corporation (Toda), a major manufacturer of carbon materials for cathodes used in the manufacture of lithium ion batteries (LIB).

Given its increasing use in automotive applications and in a number of high-tech consumer products such as smart phones, tablet computers, and other mobile devices as well as in electricity storage/stationary equipment, the market for LIB is expected to see continued growth in the coming years. The market for anode materials is expected to expand by an approx. average 10% annually.
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