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According to Yonhap News,
Toray Tonen Specialty Separator Korea(TTK) held a ceremony to celebrate completion of construction of a plant in Gumi National Industrial Complex 4 in North Gyeongsang Province on June 10th. The plant has started its operation to produce separators for secondary cells.
The ceremony was attended by Takeo Togano, chairman of TTK; Reinhart Papen, president of TTK; Kim Gwan-yong, governor of North Gyeongsang; Nam Yu-jin, mayor of Gumi; Kim Seong-jo, lawmaker; and Kim Tae-hwan, lawmaker.
TTK was established with an investment made by Tonen Specialty Separator Godo Kaisha, a Japanese subsidiary of Exxon Mobile in the US. Its initial title was Tonen Specialty Separator Korea, but it had been changed to Toray Tonen Specialty Separator Korea in February as Toray made an investment into the firm to hold half of its stakes.
As a producer of separators, a key component for rechargeable cells used in electric vehicles, TTK had adopted the manufacturing technology for coextrusion hybrid separators, an upgraded version from the manufacturing technology of monolayer PE separators, a technology widely used in Japan. Using the technology, the company has established the plant.
The firm completed the first phase of the construction project with an investment worth 150 million dollars from 2008 until this year. It is planning to finish the construction of the production plant until 2015 with an additional 175-million-dollar investment.
TTK expects the plant to create 250 jobs.
The Gumi city government is planning to set up a cluster for the secondary cell manufacturers in the free economic zone in time when the construction of the TTK’s plant is completed and advance related firms so as to transform Gumi into a center of the secondary cell industry.
“As pro-environmental products, including electric vehicles, are becoming popular across the world, the secondary cell industry is catching attention as a new growth engine,” said Ryu Si-geon, an employee of the Investment and Trade department. “We will provide all the necessary administrative support to ensure the success of the project.”
Source Text
Source : Yonhap News (June 10, 2010)
**This is an English translation of a Korean news article.
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