# Tinci Materials signs toll manufacturing agreement with Saltigo for lithium-ion battery electrolyte in Europe

Tinci Materials' Czech subsidiary signed an agreement with Saltigo GmbH (a Lanxess subsidiary) to retrofit Saltigo's车间 for toll manufacturing of lithium-ion battery electrolyte. The retrofit costs up to €8.19 million, with production enabling localized supply in Europe.

- Type: Contract
- Announced: 2021-03-26
- Where: Germany, Germany
- Value: $9.60M (8.19M EUR)
- Status: announced
- Products: lithium-ion battery electrolyte
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [Tinci Materials](https://endata.com/companies/54085.md)
- [LANXESS](https://endata.com/companies/15514.md) (partner)
- [Saltigo](https://endata.com/companies/28454.md) (supplier)

## Sources

- [beta.zhitongcaijing.com](http://beta.zhitongcaijing.com/content/detail/437290.html), 2021-03-29: "本协议的签署，可快速实现公司锂离子电池电解液产品在欧洲的规模化生产，实现对重点客户的“就近供应”。"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.