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Ube and Dow Launches US-Based Joint Venture in Electrolytes for Lithium-Ion Batteries

December 15, 2011

TOKYO, December 15, 2011_ Ube Industries, Ltd. today announced that Ube and The Dow Chemical Company have established a joint venture to manufacture and market electrolytes for lithium-ion batteries (LIBs), headquartered in Michigan, USA.

The new company is named Advanced Electrolyte Technologies LLC and will begin operating in December 2011. Over time, the joint venture will establish subsidiaries with manufacturing facilities for electrolytes in the United States, China and Europe.

Data on Joint Venture

Name Advanced Electrolyte Technologies LLC
Location Michigan, USA
Start of Operations December 2011
Equity Ownership The US subsidiary of Ube Industries, Ltd. (50%), The Dow Chemical Company (50%)
CEO Toshimitsu Takahashi (former president of UBE America Inc.)

Contact

For inquiries please contact
  • Ube Industries, Ltd.
  • Investor Relations & Public Relations Department
  • Corporate Planning & Administration Office
  • Seavans North Building, 1-2-1 Shibaura, Minato-ku, Tokyo 105-8449
  • Phone : +81-3-5419-6110
  • Contact us by Internet.