Nov. 22, 2023
SEKISUI CHEMICAL CO., LTD.

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SEKISUI CHEMICAL CO., LTD. (President and Representative Director: Keita Kato; hereinafter "SEKISUI CHEMICAL") has established a new plant in the United States to produce thermal gap filler materials for EVs (electric vehicles) and other environmentally friendly vehicles of its consolidated subsidiary, SEKISUI POLYMATECH CO., LTD. (CEO: Chikao Shimizu; hereinafter "SEKISUI POLYMATECH") has begun mass production in October.

1. Background

In the United States, the federal government has been strongly promoting the of EVs, and the number of EV production in the U.S. market in 2025 is expected to reach 4 million cars, which is more than three times of the amount in 2022. As the result, the demand for LiB (lithium-ion battery) thermal gap filler materials is rapidly expanding from OEMs (automobile manufacturers) and LiB/electrical component manufacturers in the U.S.
The thermal gap filler materials, which are produced by SEKISUI POLYMATECH, have already received high praise from OEMs and /electrical component manufacturers in Japan, China, and Europe due to their superior performance, including high thermal conductivity and low outgassing. From this background, SEKISUI POLYMATECH established SEKISUI POLYMATECH AMERICA, LLC (SPA) in January 2023, and had build a new factory in Calvert City, KY (*) since January 2023. After prototyping and trial sales started in September 2023, SPA has begun full-scale mass production from October 2023.
*Inside the factory of SEKISUI SPECIALTY CHEMICALS AMERICA, LLC

2. SPA(New Factory in US)Overview
1) Company Name SEKISUI POLYMATECH AMERICA, LLC
2) Location 246 Johnson Riley Rd, Calvert City, KY 42029 U.S.A.
3) Capital 4.5MUS$ (100% investment by SEKISUI AMERICA CORPORATION)
4) Building Area Approx. 3,000 m2
5) Main Products Grease-type thermal gap filler materials
3. Future Business Development

SEKISUI POLYMATECH now has a thermal gap filler materials production system in five global locations, in Japan, Thailand, China, Europe, and the United States. SPA has a production capacity of 1.4 million liters per year, which is equivalent to the amount installed in approximately 700,000 EVs. The thermal gap filler materials business of SEKISUI POLYMATECH aims to achieve for sales of 20 billion yen in fiscal year 2025 including the U.S. plant.

【Reference 1】 SEKISUI POLYMATECH CO., LTD. Overview
Establishment November, 2012
Capital 990 million yen (100% investment by SEKISUI CHEMICAL)
Representative Chikao Shimizu, President and Representative Director
Business description Manufacture and sale of automotive and electronics parts
Headquarter 8-10-1 Tajima, Sakura-ku, Saitama-shi, Saitama 338-0837, Japan
Website

https://polymatech.co.jp/english/

SEKISUI AMERICA CORPORATION Overview
Establishment December, 1983
Capital 8,421 thousand U.S. dollars
Representative Ian Moran, President
Business description Regional Headquarters in North America
Website

https://www.sekisui-corp.com/

SEKISUI SPECIALTY CHEMICALS AMERICA, LLC Overview
Establishment June, 2009
Capital 107 million U.S. dollars
Representative Cory Sikora, President
Products High performance Polyvinyl alcohol polymer and copolymer product range "Selvol"
Applications Paper, Adhesives, packaging, construction, personal care, and other specialty formulation
Other Products Thermo-Expandable Microspheres "Advancell", Polyvinyl Acetal Resins "S-LEC BK"
Website

https://www.sekisui-sc.com/

【Reference 2】

Press release on January 16, 2023
https://www.sekisuichemical.com/news/2023/1383439_40406.html

About SEKISUI CHEMICAL Group

Headquartered in Japan, SEKISUI CHEMICAL CO., LTD. (TSE: 4204) and its subsidiaries make up the SEKISUI CHEMICAL Group. 26,000 employees in over 180 companies throughout 21 countries and regions aim to contribute to improving the lives of the people of the world and the earth's environment. Thanks to a history of innovation, dedication and a pioneering spirit, SEKISUI CHEMICAL now holds leading positions in its three diverse business divisions as well as top global market share in interlayer film, foam products, conductive particles and more.
Since its foundation in 1947, the SEKISUI CHEMICAL Group has dedicated itself to social and environmental contribution and is now an internationally recognized leader in sustainability and environmental initiatives, having recently been selected as one of the Global 100 most sustainable companies. SEKISUI CHEMICAL Group will continue to maintain a strong corporate presence for 100 years and beyond.

<Contact information regarding this matter>

Press
Public Relations Department, SEKISUI CHEMICAL
E-mail:kouhou@sekisui.com

Customers other than those involved in the press
Mobility Business Strategy Department, SEKISUI CHEMICAL
E-mail:sekisui-mobility-pr@sekisui.com


Disclaimer

This press release may contain forward-looking statements. Such forward-looking statements are based on current expectations and beliefs and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements due to changes in global economic, business, competitive market and regulatory factors.

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Sekisui Chemical Co. Ltd. published this content on 22 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 December 2023 07:17:23 UTC.