SEMCORP to Produce Critical Lithium-Ion Battery Component in Sidney
Company Name: SEMCORP Advanced Materials Group
- Country: China
- Region: Asia
Industry Sector: Automotive
Company Profile: SEMCORP Advanced Materials Group, publicly traded as Yunnan Energy New Material Co. Ltd., is the largest lithium-ion battery separator film supplier in the world. Its separator film products are a key component of lithium-ion batteries used in electric vehicles, energy storage, and consumer electronics applications. SEMCORP specializes in wet-process separator film, and with more than 100 products. It offers the broadest selection of battery separator film products on the market.
Type of Project: New Location
- Jobs committed: 1,199
- Jobs retained: 0
Capital Investment: $915,900,000
Timetable: SEMCORP plans to break ground on the new facility in the late summer of 2022.
The company needs to construct an approximately 850,000 sq. ft. facility to manufacture lithium-ion separator film, a key component of batteries utilized in electric vehicles. The initial phases of the project are expected to require a total capital investment of approximately $916 million with employment expected to reach approximately 1,200 in 2025.
“The Sidney facility is one of the biggest investments in our company’s history because we know the United States is strongly committed to building the supply chains for EVs and energy storage here at home. Our Sidney site will be America’s largest manufacturer of separator film for EV batteries. We look forward to working hand-in-hand with state and local leaders to make the large-scale domestic production of this component a reality.”
– Paul Lee, SEMCORP’s Co-Founder, Chairman and CEO
Ohio’s vast history in the automotive industry and automotive supply chain as well as its overall proximity to resources, manufacturers, and end markets are two key factors making the state an ideal location for lithium battery manufacturers. The state’s commitment to innovation makes it a natural fit for the emerging electric vehicle supply chain and electric vehicle manufacturing opportunities. Ohio’s commitment to clean manufacturing with renewable energy and solar energy also makes it a prime choice for lithium-ion battery manufacturing.
SEMCORP chose the Sidney location because of the state’s impressive commitment to vocational education, preparedness for a large-scale project, the strong work ethic in the region, and proximity to key customers.
JobsOhio, Ohio Department of Development, Dayton Development Coalition, Sidney-Shelby Economic Partnership, City of Sidney, Shelby County, Dayton-Montgomery County Port Authority