Toyo Aluminium and UACJ Foil to merge with JIC Capital investment

Toyo Aluminium and UACJ Foil signed a basic merger agreement to combine operations on April 1, 2023. JIC Capital will hold 80% of the new company's voting rights and UACJ will hold 20%, with the aim of strengthening competitiveness in aluminium foil, especially for lithium-ion battery applications.

“We believe that through this business merger, we can meet the growing customer demand, including automotive LiB manufacturers, by improving production efficiency in the short term.”toyal.co.jp

• 1 source
• toyal.co.jp东洋铝业株式会社 | 要闻 | 关于签订东洋铝业株式会社和株式会社UACJ制箔进行经营合并的合并基本合同的通知Aug 31, 2022

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