Latest News: BASF and Toda Industry Co., Ltd. (Toda Kogyo) announced that they will further expand the production capacity of cathode active materials of BASF Toda Battery Materials Co., Ltd. (BASF Toda) in Onoda, Japan.

BASF Toda is a joint venture between BASF and Toda Industries (66% BASF and 34% Toda Industries) established in 2015. Construction of new capacity at onoda site to start in 2022 Started in the fourth quarter of 2019 and is expected to enter production in the second half of 2024. By 2025, BASF's Toda will have an annual production capacity of 60,000 tons of high-nickel cathode active materials (CAM).

"BASF Toda is the leader in high-nickel cathode active materials in the cathode material market and plays an important role in BASF's global battery material production network." Peter Schumacher, President of BASF's Catalysts Business Unit Dr. Schuhmacher) said, "The onoda site is one of the world's largest facilities for calcining cathode materials. This investment will support our customers' ambitious growth plans in Japan and globally. During the expansion of the onoda site, we will Introducing a proprietary innovative production process to achieve the highest productivity and consistently highest quality in the industry.”

Shigeru Takaragi, President of Toda Industry Co., Ltd. "With the further expansion of the onoda base, we will continue to support the Japanese government's goal of strengthening the local supply chain. Toda Industries will join hands with BASF to integrate resources and leverage the synergies of both parties to support the rapidly growing market demand for lithium-ion batteries," he said. "

“BASF Toda combines the manufacturing and technical expertise of both parties. BASF and Toda work closely together, combining expertise and resources to jointly support the growth of the joint venture. At the same time, BASF Toda’s expansion and capacity enhancement also benefit from innovative Japanese engineering companies Close cooperation with equipment suppliers.” Michael Bei, Senior Vice President, Battery Materials, BASF Baier) added.

BASF's new expansion project in Toda has been selected by the Ministry of Economy, Trade and Industry of Japan and has received "subsidy for domestic investment promotion as a supply chain strategy".