Senior Technology to build US$690 mn battery separator plant in Malaysia
Senior Technology Material, China’s leading supplier of battery separators, is expected to invest US$690 million to build a new production base for lithium-ion battery separators in Malaysia, through its subsidiary Inoova Material Science (Malaysia).
To be located in the state of Penang, the project’s first phase will have the capacity to turn out 2 billion sq m/year of lithium-ion battery separators. Construction and operation will be overseen by the firm’s local unit, with construction likely to last 18 months, it added.
The new factory can help Senior Technology’s overseas clients raise their share of the local market and achieve localised raw material supply, the Shenzhen-based firm noted. It can also improve the firm’s production capacity layout in the global market, it added, without disclosing further details.
It will be Senior Technology’s first Malaysian base.
The company has multiple plants in China and is building a factory in Sweden to mainly supply lithium-ion battery maker Northvolt. Senior Technology’s overseas clients also include LG Chem, Samsung SDI, Murata Manufacturing, and Freyr Battery Norway.
