Nippon Denkai Signs 7-Year Technical Support Deal with Hindalco

Nippon Denkai announced on September 30, 2024, that it has entered into a seven-year technical support agreement with India's Hindalco Industries, a manufacturer of copper cathodes and copper rod materials. The agreement, signed on September 28, is intended to support Hindalco as it begins producing copper foil for lithium-ion batteries in India.

Under the agreement, Nippon Denkai will provide technical consulting and support related to the basic design of equipment, customer certification, and the establishment of a production system. This collaboration is expected to contribute to building a global supply chain for automotive lithium-ion batteries, including in India.

In return for its technical consulting and support, Nippon Denkai will receive a lump sum and royalties based on Hindalco's sales volume. The company anticipates an increase in its consolidated financial results for the second quarter of the fiscal year ending March 2025 by approximately 140 million yen, due to the lump-sum payment.