Project Bulletin: August 19, 2024

Since launching production in August, the plant will produce lithium-ion battery anode materials for Panasonic, Samsung, SDI and more.

Photo courtesy of BTR New Material Group

In early August, a new joint venture between PT Indonesia and China-based BTR New Material Group welcomed the opening of its new lithium-ion battery anode facility in Central Java province. The first phase of the project included a $478 million investment to prepare for the production of 80,000 tons of anode materials per year, equivalent to the production of 1.5 million EVs. Now the JV is in the midst of developing its second phase at the Kendal Industrial Park with a $299 million investment that will enable the project to scale its capacity to 3 million tons per year. The second phase of the project is anticipated to be complete before the end of the year. Once complete the facility will position Indonesia to be the second largest producer of anode materials in the world.

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The project will help Egypt in boosting exports both regionally and globally.

Photo courtesy of Hisense Group

Appliance and electronics manufacturer Hisense Group has announced plans for a new $38 million electronics manufacturing plant in Egypt. In partnership with FBB Tech, Hisense signed a contract with industrial developer TEDA-Egypt in August to establish an over-1-million-sq.-ft. site in the Sokhna Industrial Zone. It is said that the facility will produce televisions, audio recorders and screens to support markets in Europe, North Africa and the Middle East by 2025. Once the first phase is complete the facility aims to produce 1.5 million screens per year. Upon full buildout the plant will create 400
new jobs.

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The Serbia plant, currently producing over 13 million tires per year, will add capacity for an additional 1.1 million tires per year.

Photo courtesy of Linglong Tire

Global tire manufacturer Linglong Tire is returning to its Serbia plant with $645 million in hand to increase production capacity. The plant, located in the Zrenjanin Free Zone, will scale capacity by 1.1 million tires per year. Expansion of this location will aid the company in meeting demands within the European market for tires catered to trucks, buses, farming equipment, engineering vehicles and refurbished tires. Linglong Tire will begin construction in January 2025 with completion slated for late 2030. In addition, the company will install a 24-megawatt solar power station on site to reduce the plant’s output of carbon emissions.

Reports compiled and written by Alexis Elmore, edited by Adam Bruns