SEMCORP Group

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SEMCORP Group
Native name
云南恩捷新材料股份有限公司
Company typePublic
ISINCND10003VXB9
Industry
Headquarters,
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[edit]

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[edit]

  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.