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Wednesday, November 04, 2009
Exxon Launches Joint Battery Venture With Toray
By Steve Gelsi
MarketWatch Pulse
NEW YORK -- Exxon Mobil Chemical's affiliate TonenGeneral said Wednesday it's launching a 50-50 joint venture with Toray Industries to develop products for the battery separator film business. The joint venture will combine Toray's plastic film processing and polymer science capabilities with Tonen's existing lithium ion battery separator film business and technology. Terms of the deal were not disclosed. TonenGeneral and Toray Industriesn will each hold a 50% interest in the joint venture, with headquarters located in Tokyo.
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