May 25, 2016
Asahi Kasei Corp.

Asahi Kasei will increase production capacity for Hipore™ Li-ion battery (LIB) separator* by 60 million m/year at its plant in Moriyama, Shiga, Japan, with start-up scheduled in the first half of fiscal 2018.

With increasing demand for hybrid-electronic and all-electric vehicles worldwide, the LIB market is forecasted to grow substantially in automotive applications, in addition to applications for consumer electronics.

Asahi Kasei is the world's leading LIB separator manufacturer, supplying both wet-process and dry-process separators with its Hipore™ and Celgard™ products. Hipore™ manufacturing plants are located in Moriyama, Shiga, and Hyuga, Miyazaki, Japan, while Celgard™ manufacturing plants are located in North Carolina, the US, and Chungbuk, Korea. The company's LIB separator business is being proactively expanded as a strategic area of growth.

This capacity expansion of 60 million m/y at its plant in Moriyama will further reinforce Asahi Kasei's capability to provide stable supply to meet rising global demand for LIB separators. Upon completion of the new production line, the company's total LIB separator capacity will increase to 610 million m/year, with wet-process capacity being 410 million m/y and dry-process capacity being 200 million m/y.

Outline of the new Hipore™ capacity expansion

LocationMoriyama, Shiga, JapanCapacity60 million m/yearInvestment≈¥6 billionStart-upFirst half of fiscal 2018 (scheduled)

The battery separator business is positioned as a strategic area of focus in the Asahi Kasei Group's Material business sector. To keep pace with the forecasted growth in demand for LIB separators, Asahi Kasei plans to raise its total LIB separator capacity to 1,100 million m/y, including both wet process and dry process, by 2020. Asahi Kasei anticipates that capital investment for these expansions will total some ¥15 billion to ¥20 billion.

Asahi Kasei Corporation published this content on 25 May 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 25 May 2016 04:10:08 UTC.

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