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.
|Name||Advanced Electrolyte Technologies LLC|
|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.)|