Furukawa Electric Co., Ltd. announced on February 1, 2011 that in 2013, the monthly production capacity of copper foil for lithium ion rechargeable batteries will be increased to about 3,000 tons. In addition to building a new factory in Taiwan, Japan's domestic production base will also increase production capacity by transforming equipment.
Furukawa Electric expects that the demand for lithium-ion rechargeable batteries will further expand with the popularity of electric vehicles and hybrid vehicles, so it is determined to strengthen the copper foil production system. The company accounts for more than 40% of the global share of copper foil for lithium-ion rechargeable batteries, and plans to increase its share to 60% through a series of investments in the future.
The new plant built in Taiwan has a monthly capacity of 500 tons and is scheduled to go into production in September 2012. According to Furukawa Electric, the new plant will gradually increase production capacity by July 2013. The company intends to invest 6.9 billion yen in the new plant through its wholly-owned subsidiary, Furukawa Foil Co., Ltd., which was established in March 2011.
In Japan, Furukawa Electric intends to increase the monthly production capacity from the current 550 tons to 1,000 tons by March 2012 by transforming the equipment of the Ishigaki Plant (Nikko City, Tochigi Prefecture).
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