Joint Venture28 Nov 2025, 07:22 pm
Neogen Chemicals Ltd. Enters Joint Venture with Morita Chemicals Industries Co. Limited for Lithium-ion Battery Business
AI Summary
Neogen Chemicals Ltd. has entered into a Joint Venture Agreement with Morita Chemicals Industries Co. Limited through their respective wholly owned subsidiaries, Neogen Ionics Limited and Morita Investment Limited. The joint venture, named Neogen Morita New Materials Limited, will focus on the production, development, and sale of solid LiPF6 salt and other new materials used in Lithium-ion Batteries. Neogen Ionics Limited will hold an 80% majority stake, while Morita Investment Limited will hold the remaining 20% by contributing USD 20 million.
Key Highlights
- Neogen Chemicals Ltd. and Morita Chemicals Industries Co. Limited enter into a joint venture named Neogen Morita New Materials Limited.
- The joint venture will focus on the production, development, and sale of solid LiPF6 salt and other new materials used in Lithium-ion Batteries.
- Neogen Ionics Limited will hold an 80% majority stake, while Morita Investment Limited will hold the remaining 20% by contributing USD 20 million.
- The joint venture aims to utilize the technological and manufacturing capabilities of both organizations to participate in the rapidly growing Lithium-ion Battery business.
- The support of Morita Group’s globally proven technology is expected to improve reliability and efficiency of NIL’s existing technology and provide faster access to the international market.