Hogan Lovells Advises H.C. Starck GmbH on a Significant New Joint Venture in Japan
04 October 2010
HONG KONG, 4 October 2010 - Hogan Lovells has advised H.C. Starck GmbH ("H.C. Starck") on its joint venture with the Japanese chemical company Chisso Corporation ("Chisso") to produce and market Li Ion Battery cathode products. The Joint Venture Agreement between H.C. Starck and Chisso was signed on 9 September 2010.
H.C. Starck and Chisso will establish a Japanese subsidiary called CS Energy Materials K.K. which will be 49%-owned by H.C. Starck and 51%-owned by Chisso. CS Energy Materials K.K. will establish a wholly-owned subsidiary in Germany to be called CS Energy Materials GmbH. The German subsidiary will conduct research and development activities in the field of Li Ion Battery cathode products (amongst others).
H.C. Starck is based in Germany and is a leading global supplier of refractory metals, technical ceramics, and conductive polymers, and has manufacturing facilities located in Europe, America and Asia. Chisso is a leading manufacturer in the chemical industry in Japan. The joint venture company CS Energy Materials K.K. will manufacture, market, promote, distribute, sell and contract for all grades of Li Ion Battery cathode products worldwide and conduct research and development activities.
The Hogan Lovells team was led by Tokyo corporate partner Rika Beppu and senior associate Jacky Scanlan-Dyas and supported by senior associate Mizue Kakiuchi and associate James Nepaulsingh.
Commenting on the joint venture, Dr. Axel Westerhaus, Executive Board Member of H.C. Starck said: "We were delighted to be supported by Hogan Lovells on our significant Japanese joint venture with Chisso Corporation and were particularly impressed by the team’s knowledge, commitment and pragmatic approach".
Commenting today, Rika Beppu said: "We are thrilled to have represented H.C. Starck on this significant joint venture in Japan. Hogan Lovells' Tokyo practice is well placed to advise our clients on transactions of this calibre and complexity, having advised on a number successful joint ventures in the past few months, including the securities joint venture between Morgan Stanley and Mitsubishi UFJ Financial Group. It is a testament of our leading Corporate practice in Japan".
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