TOPPAN and Toyo Seikan plan Swedish joint venture for lithium-ion battery packaging

TOPPAN Holdings and Toyo Seikan signed a letter of intent to form a joint venture in Sweden to manufacture packaging for automotive lithium-ion batteries, with Toyo Seikan holding 51% and TOPPAN 49%. Operations are expected to start in 2026 or later, with about Y11 billion ($68.6 million) planned investment.

“Toyo Seikan will own 51% of the JV while the remaining 49% will be held by TOPPAN Holdings.”packaging-gateway.com

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• packaging-gateway.comTOPPAN and Toyo Seikan partner on lithium-ion battery packaging in SwedenJun 24, 2024

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