Lohum and Glencore announced a strategic partnership to advance circularity in the Li-ion battery supply chain. Under the alliance, Lohum will supply Glencore with 10,000 MT of specialty chemicals for the battery supply chain over the next five years, including cathodes, sulphates, carbonates, and oxides of various metals extracted from spent batteries and other sources. The global partnership will allow both[Read More…]
Gunjan D. Bidani Magnesium-based lightweight solution provider, Lite Auto Components, part of Hindustan Magnesium, recently signed a MoU with AP Economic Development Board (APEDB). As per the MoU, the company will set up a manufacturing facility with an estimated valuation of Rs.500 crore, spread over a 15 acre land parcel in Andhra Pradesh. The new facility once commissioned, is expected[Read More…]
Halla Visteon Climate Control (HVCC) has announced that the company has reached an agreement to acquire an ownership stake in Japan Climate Systems (JCS) Nanjing of 51 percent and become the majority shareholder. The cash transaction, valued at $6.4 million (6.5 billion Korean Won), is subject to adjustments and expected to be finished in the third quarter of 2014, after[Read More…]
