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Nippon Shokubai Co., Ltd. ( (JP:4114) ) just unveiled an announcement.
Nippon Shokubai Co., Ltd. has announced the decision to construct a new plant for its IONEL™ product, an electrolyte used in lithium-ion batteries. This development is part of the company’s strategy to strengthen its domestic supply system for LiFSI, indicating a commitment to enhancing its market position in the battery materials sector. The company does not anticipate any significant impact on its financial earnings for the fiscal year ending March 31, 2025, but will provide updates if necessary.
More about Nippon Shokubai Co., Ltd.
Nippon Shokubai Co., Ltd. operates in the chemical industry, focusing on the production of specialty chemicals and materials. The company is known for its development and supply of electrolytes for lithium-ion batteries, which are crucial components in the energy storage and electric vehicle industries.
YTD Price Performance: -4.46%
Average Trading Volume: 562,539
Technical Sentiment Consensus Rating: Sell
Current Market Cap: Yen283.7B
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