Nippon Paper Industries : Announces Establishment of a New Company in Hungary
Published on 02/06/2023 at 03:19,
updated on 02/06/2023 at 03:20
Share
Press ReleasesNippon Paper Announces Establishment of a New Company in Hungary
Feb. 06, 2023
Nippon Paper Industries Co., Ltd.
Nippon Paper Industries Co., Ltd. (Tokyo: 3863; President: Toru Nozawa; the "Company") announces the establishment of a manufacturing and sales subsidiary in Hungary for CMC (carboxymethyl cellulose, product name: SUNROSE MAC®), which is one of the materials used for lithium-ion battery (LiB) anodes in electric vehicles (EV), to join its rapidly growing supply chain system in Europe.
CMC is an anionic, water-soluble polymer derived from cellulose that features unique properties such as excellent thickening, water absorption and water retention and it is also very environmentally friendly. Because of its outstanding properties, CMC has been widely used as an additive in food and cosmetics such as toothpaste, as well as in industrial applications such as paper manufacturing. The SUNROSE MAC®CMC for LiB that the Company has developed is used as a high-performance additive in the coating process for LiB anodes (graphite), and demand for it has grown significantly in recent years. SUNROSE MAC®enables the formation of a uniform coating surface that contributes to LiB safety performance, and that property is highly valued by the manufacturers of LiBs for EV automotive applications, applications in consumer technologies such as smartphones and PCs, and in renewable energy storage applications.
The LiB market for EVs has rapidly expanded in Europe, where strict CO2 emissions regulations are being implemented, and the European automotive industry has been working to build a one-stop EV supply chain system. These trends have encouraged automobile parts and LiB manufacturers in China, South Korea and other countries to announce plans to build new factories within the European region.
In response to this situation, in 2021 the Company strengthened its production system at the Gotsu Mill in Japan. Today, the Company is announcing its plans to establish a plant in Hungary to further increase its CMC production capacity. Nippon Paper aims to start operating the new plant in December 2024. This investment is expected to increase sales revenue approx. 50 million euros and provide approx. 60 jobs at full operation.
The Company will contribute to the realization of a carbon-neutral society by establishing a global supply system for high-performance CMC for LiB and automobile manufacturers from our two production bases in Japan and Hungary.
Nippon Paper Industries Co. Ltd. published this content on 06 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 February 2023 08:19:02 UTC.
Nippon Paper Industries Co., Ltd. is a Japan-based company mainly engaged in the manufacture and sale of paper products, as well as the energy business, and the construction materials and civil engineering business. The Company has four business segments. The Paper and Paperboard segment is engaged in the manufacture and sale of western paper, paperboard, thermal paper, pulp and papermaking raw materials. The Lifestyle Related segment is engaged in the manufacture and sale of household paper, container base paper, processed paper products, cardboard and chemical products. The Energy segment is engaged in the operation of power generation facilities, as well as the provision and sale of electricity. The Lumber, Construction Materials and Civil Engineering Related segment is engaged in the purchase and sale of lumber, the manufacture, purchase and sale of construction materials, and the civil engineering business. The Company is also engaged in the logistics and leisure business.
