OREANDA-NEWS. November 01, 2012. ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter “ITOCHU”) announced today that ITOCHU, its wholly owned U.S. industrial machinery sales company, TEXMAC Inc. (headquartered in Charlotte, North Carolina, USA; Keiji Nakagawa, President; hereinafter “TEXMAC”), and InSpec Group (headquartered in Portland, Oregon, USA; Taro Toyoda, CEO; hereinafter “InSpec”) will commence contract services for the construction of manufacturing plants for secondary batteries, such as lithium-ion batteries, and a range of ancillary facilities. TEXMAC and InSpec entered into an alliance agreement on October 31, 2012, and the companies will support both Japanese and North American manufacturers in constructing new plants in the future.

Demand for secondary batteries in the North American market is expected to continue to grow, not only for use in hybrid and electric vehicles, but also for stationary power sources including housing, large facilities of various industries and grid scale storage applications. As a result, the expansion of production capacity for secondary batteries has become essential in the market. In addition, reflecting the recent strong yen, price competition in the secondary battery sector has been escalating. In response, Japanese manufacturers of raw materials for batteries (positive-electrode materials, negative-electrode materials, separators and electrolytic solutions) and battery manufacturers have been accelerating their initiatives to relocate their manufacturing bases to North America.

TEXMAC possesses extensive knowledge and experience, gained through sales in North America over a long period of time, of the equipment of Japanese manufacturers who claim a significant share of the secondary battery manufacturing sector. InSpec has a track record of gaining large numbers of orders from raw materials manufacturers and battery manufacturers to construct plants in North America. It also possesses a superior price competitive edge based on proposal-style cost reductions.

While undertaking their individual roles, TEXMAC and InSpec will support the engineering and construction of secondary battery manufacturing plants in North America in an integrated manner.