SEMCORP Group
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] HistorySEMCORP 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
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