Valuable battery materials from Kotka
The environmental permit of our plant became legally binding in December 2024. The construction work in our plot begins in 2025. We are aiming to launch initial production in 2026.
Our full website launches in the spring of 2025.
There is a rising demand for battery materials in Europe
The rapid development of technologies creates needs for new kinds of materials.
Traffic is electrifying rapidly, and electric mobility will be one of the keys to fulfilling the carbon neutrality goals of Finland and the European Union. This, together with the sustainability requirements of global car manufacturers, creates strong demand for European battery production.
We are developing a battery materials plant in Kotka, Southeast Finland. The plant will produce cathode active material, a powdered material needed to manufacture the most valuable part of the battery cell, the cathode. Our products will be sold for battery cell plants in Europe and around the world.
New industry to create jobs and economic growth for Finland
The planned plant in Kotka and the battery materials industry in general provide significant growth opportunities for Finland and the Kymenlaakso region.
With the planned annual CAM production capacity of 60,000 tons, it has been estimated that the plant would employ directly about 270 people when in operational phase. In addition, the construction phase has a significant effect on the economy and employment.
During the peak construction period, around 500–600 people are expected to be working on the site. Contracts related to the factory’s construction work will be put out to competitive tender in Finland.
The cathode active material production technology is primarily Chinese, and the installation of the equipment requires specialized technical expertise. Technical installation experts from China will arrive at the site for the duration of the equipment installations.
We are Easpring Finland New Materials Oy
The purpose of Easpring Finland New Materials Oy is to produce cathode active materials for the needs of the European production facilities of Easpring’s existing and new customers. The company was founded in 2024.
70% of our company is owned by Beijing Easpring Material Technology Co., Ltd. – one of the world’s leading producers of cathode active materials for lithium-ion batteries. Beijing Easpring is listed in ChiNext.
30% of our company is owned by the Finnish Minerals Group – state-owned company whose mission is to responsibly maximize the value of Finnish minerals. Finnish Minerals Group manages the State’s mining industry shareholdings and strives to develop the Finnish value chain of lithium-ion batteries.
Visit Easpring’s global website Visit Finnish Minerals Group’s website
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Contact us
If you have any questions about our project, please do not hesitate to reach out.
Email address:
info@easpring.fi
hr@easpring.fi
Kotka plant:
Keltakalliontie 27, 48770 Kotka
Helsinki office:
Lönnrotinkatu 5, 00120 Helsinki
Business ID:
FI34361672
Invoicing details
Easpring Finland New Materials Oy
Business ID: FI34361672
OVT code: 003734361672
Operator: Maventa
Operator code: 003721291126
If the vendor is unable to send electronic invoices, please send the PDF invoice by email to 34361672@scan.netvisor.fi.
Please mention the contact person who has ordered the product or service, and the order number, if shared by your Easpring contact person.