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Business Finland granted an investment aid of EUR 115 million for the Kotka CAM factory
Business Finland has granted an investment aid of EUR 115 million to Easpring Finland New Materials Oy for the construction of a cathode active material (CAM) factory in Kotka, Finland. The investment aid from the clean transition aid scheme for industrial investments, granted by Business Finland, is part of the EU’s Temporary Crisis and Transition […]
Construction of the cathode active material plant begins – groundbreaking ceremony was held in Kotka
The groundbreaking of Finland’s first lithium-ion battery cathode active material (CAM) plant was celebrated today in Kotka. The event was addressed, among others, by the Finnish Minister of Economic Affairs, the Ambassador of China, and the Chairman of the City Board of Kotka.
Easpring Finland has selected a main contractor for its plant
Easpring Finland New Materials Oy, which is preparing to launch the Kotka cathode
active material plant, announced in March that the plant construction work will start in April 2025. The company has selected China Harbour Engineering Company (CHEC) as the main contractor of the plant.
The construction phase of the Kotka cathode material plant is starting
Easpring Finland New Materials Oy is aiming to start the plant construction work in the Keltakallio industrial area in Kotka in April 2025. The plant received a legally binding environmental permit in December 2024 and was granted the construction permit for the first buildings in February 2025. The company’s goal is to launch commercial production in 2027.