HUNGARY (News release) -- Nippon Paper Industries announces the establishment of a manufacturing and sales subsidiary in Budapest, Hungary, for CMC (carboxymethyl cellulose, product name: SUNROSE MAC), which is one of the materials used for lithium-ion battery (LiB) anodes in electric vehicles (EV), to join its rapidly growing supply chain system in Europe.
CMC is an anionic, water-soluble polymer derived from cellulose that features unique properties such as excellent thickening, water absorption and water retention and it is also very environmentally friendly. Because of its outstanding properties, CMC has been widely used as an additive in food and cosmetics such as toothpaste, as well as in industrial applications such as paper manufacturing.
Nippon Paper aims to start operating the new plant in December 2024. This investment is expected to increase sales revenue approx. Euro 50 million and provide approx. 60 jobs at full operation.
The Company will contribute to the realization of a carbon-neutral society by establishing a global supply system for high-performance CMC for LiB and automobile manufacturers from its two production bases in Japan and Hungary.