SEMCORP Group

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This article is about the China-based manufacturer. For the Singapore-based company, see Sembcorp.
SEMCORP Group
Native name
云南恩捷新材料股份有限公司
Company typePublic
ISINCND10003VXB9
Industry
Headquarters
Shanghai
,
China
Area served
Worldwide
Key people
Paul Xiaoming Lee (co-founder, chairman & CEO)
Tony Xiaohua Li (vice chairman)
BrandsSEMCORP
RevenueIncrease CN¥4.28 billion (US$656.14 million) (2020)[1]
Increase CN¥1.176 billion (US$180.1 million) (2020)
Number of employees
5,040 (2020)[1]
Websitesemcorpglobal.com
Footnotes / references
[2]

SEMCORP Group, formally Yunnan Energy New Material Co. Ltd. (Chinese: 云南恩捷新材料股份有限公司), is a multinational corporation headquartered in China that specializes in the development and manufacture of advanced materials.[3] It is the world’s largest producer of lithium-ion battery separator film by volume,[4] and is a major supplier to global electric vehicle battery makers including LG Chem,[5] CATL,[6] BYD, and Samsung SDI.[7] Its other products include printing packages, packing boxes, liquid wrapping papers, high-grade wrapping papers, biaxially oriented polypropylene films and other related products.[8] SEMCORP Group is listed on the Shenzhen Stock Exchange (ticker: 002812.SZ).[9]

History

SEMCORP Group was founded by brothers Paul Xiaoming Lee and Tony Xiaohua Li. Lee and Li studied and worked in the United States in the late 1980s and early 1990s,[7] and returned to China in 1996 to start their business.[10] Their first business was the manufacture of cigarette labels and packages.[11]

In 2019, SEMCORP Group overtook Asahi Kasei to become the largest supplier of lithium-ion battery separator film in the world.[4]

In November 2019, SEMCORP Group announced a licensing deal with Teijin Ltd., a global leader in coating technology, for the manufacture of coated separators.[12]

In November 2020, SEMCORP Group announced its first overseas facility to manufacture lithium-ion battery separator film in Debrecen, Hungary.[13]

In January 2021, SEMCORP Group announced its first international joint venture with U.S.-based Polypore International, LP to manufacture dry-process separator film in China.[14]

In August 2021, SEMCORP Group and Chinese battery maker EVE announced a joint venture to manufacture lithium-ion battery separator film in China.[15]

In May 2022, SEMCORP Group announced its first North American facility to manufacture lithium-ion battery separator film in Sidney, Ohio.[16]

References

  1. ^ a b "SEMCORP Annual Report 2020". SEMCORP. Retrieved 21 March 2022.
  2. ^ SEMCORP Group 2020 Annual Report (Report). SEMCORP Group. Retrieved 21 March 2022.
  3. ^ Reuters Editorial. "002812.SZ - Yunnan Energy New Material Co Ltd Profile | Reuters". www.reuters.comundefined. Retrieved 2022-03-22. {{cite web}}: |author= has generic name (help)
  4. ^ a b "SK surpasses Toray to take No.3 in separators". THE ELEC, Korea Electronics Industry Media (in Korean). 2020-09-24. Retrieved 2022-03-22.
  5. ^ "China's Semcorp to Sell LG Chem USD617 Million in Lithium Battery Separators". www.yicaiglobal.com. Retrieved 2022-03-22.
  6. ^ "CGTN Global Business - Chinese EV battery giant Contemporary Amperex Technology company (CATL) saw its shares close more than 7% lower on Friday, continuing its December losing streak. CATL made an 850 million yuan ($133 million) transfer of prepayments to its subsidiary SEMCORP to guarantee the latter's production of lithium-ion battery separators in 2022, according to an exchange disclosure earlier Friday. | Facebook". www.facebook.com. Retrieved 2022-03-22.
  7. ^ a b "云南恩捷新材料股份有限公司—官方网站". www.ejxcl.com. Retrieved 2022-03-22.
  8. ^ "Yunnan Energy New Material". Forbes. Retrieved 2022-03-22.
  9. ^ Reuters Editorial. "002812.SZ - Yunnan Energy New Material Co Ltd Profile | Reuters". www.reuters.comundefined. Retrieved 2022-03-22. {{cite web}}: |author= has generic name (help)
  10. ^ "Yunnan Energy New Material Co., Ltd. 2020 Environment, Social and Governance Report" (PDF). Retrieved 21 March 2022.
  11. ^ "Yunnan Energy New Material Co., Ltd. 2020 Environment, Social and Governance Report" (PDF). Retrieved 21 March 2022.
  12. ^ "Teijin Signs License Agreement with Shanghai Energy to Develop EV Battery Separators | News". TEIJIN. Retrieved 2022-03-22.
  13. ^ "Semcorp to set up HUF 65.5 bln plant in Hungary - BBJ". BBJ.hu. Retrieved 2022-03-22.
  14. ^ "Sino-Japanese JV takes off to produce battery separators". electrive.com. 2021-09-24. Retrieved 2022-03-22.
  15. ^ "EVE intends to establish a joint venture with SEMCORP Group -News-EVE". www.evebattery.com. Retrieved 2022-03-22.
  16. ^ Gnau, Thomas. "JUST IN: Company chooses Sidney to build giant plant bringing nearly 1,200 new jobs". dayton-daily-news. Retrieved 2022-05-05.
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