Joint Venture28 Nov 2025, 07:21 pm
Neogen Chemicals Ltd. Enters Joint Venture with Morita Chemicals Industries Co. Limited for Lithium-ion Battery Business
AI Summary
Neogen Chemicals Ltd.'s subsidiary, Neogen lonics Limited, has entered into a Joint Venture Agreement with Morita Investment Limited, a subsidiary of Morita Chemicals Industries Co. Limited. The joint venture, Neogen Morita New Materials Limited, will produce, develop, and sell solid LiPF6 salt and other new materials for Lithium-ion Batteries. Neogen lonics Limited will hold an 80% majority stake, while Morita Investment Limited will hold the remaining 20%.
Key Highlights
- Neogen Chemicals Ltd.'s subsidiary enters joint venture with Morita Chemicals Industries Co. Limited's subsidiary.
- Joint venture company, Neogen Morita New Materials Limited, to produce, develop, and sell solid LiPF6 salt and other new materials for Lithium-ion Batteries.
- Neogen lonics Limited to hold 80% majority stake, Morita Investment Limited to hold 20%.
- Morita Chemicals Industries Co. Limited is a leading player in lithium salt manufacturing globally for over 30 years.
- Joint venture aims to utilize technological and manufacturing capabilities of both organizations and participate in the rapidly growing Lithium-ion Battery business.