ArrowArtboardCreated with Sketch.Title ChevronCrossEye IconIcon FacebookIcon LinkedinShapeCreated with Sketch.Icon Mail ContactPath LayerIcon MailMenu BurgerPositive ArrowIcon PrintIcon SearchSite TitleTitle ChevronIcon Twitter
Business

TDK to double investment in lithium-ion operations

TOKYO -- TDK plans to spend over 100 billion yen ($841 million) between fiscal 2015 and fiscal 2017 to ramp up production of lithium-ion batteries, company sources said on Saturday.

TDK's factory in Thailand

     The Japanese company invested less than 50 billion yen in its Li-ion battery business during the previous three-year period, through fiscal 2014, which ended last March.

     TDK has decided to double the investment as it expects demand for thin-film battery products to grow for use in notebook PCs, robots and smartphones.

     TDK plans to spend the money to boost the capacity of its plant in China's Fujian Province, in the hope of more than doubling annual battery sales to 350 billion yen in fiscal 2017 from current levels.

     TDK also hopes the investment will help it catch up with stronger South Korean and other rivals in the global marketplace.

(Nikkei)

Get unique insights on Asia, the most dynamic market in the world.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Get Unlimited access

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends January 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to the Nikkei Asian Review has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media