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BASF and TODA KOGYO Enter Negotiations to Collaborate in Cathode Active Materials in North America

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By: KERRY PIANOFORTE

Editor, Coatings World, Coatings World

BASF, the world’s leading chemical company, and TODA KOGYO CORP., one of the industry leaders in the development and manufacture of chemicals and iron oxides, have announced that they will enter exclusive negotiations to collaborate in cathode active materials (CAM) and its respective precursors in North America.

The proposed collaboration would focus on the manufacture of a broad range of CAM and its respective precursors in North America for use in lithium-ion batteries for the automotive, consumer electronics and stationary storage markets.

TODA KOGYO CORP. and BASF, which have already collaborated in Japan in the form of BASF TODA Battery Materials LLC., would combine their respective CAM businesses in North America to strengthen their alliance in the global market. BASF would have a majority ownership stake in the proposed collaboration.

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