BASF closes deal for collaborating with Japan's Toda in US

摘要

BASF has closed its agreement with Japan's Toda to form BASF Toda America LLC (BTA). In December last year BASF and Toda Kogyo Corp had announced steps to enhance their collaboration and strengthen production capabilities in the US and Japan. BASF Toda Battery Materials LLC (BTBM), a jv set up in 2015, announced tripling of its high nickel Cathode Active Materials (CAMs) capacity at its Onoda site in Japan. The two partners also announced plans to collaborate in the US by combin- ing manufacturing facilities in Elyria, Ohio, and Battle Creek, Michigan, to form BASF Toda America LLC (BTA).