Construction work on Easpring Finland’s CAM (cathode active material) plant in Kotka is progressing as planned towards the start of commercial production during 2027. The busiest phase of construction will begin in early 2026, and we estimate that at its peak, approximately 800 construction workers and equipment installers will be working on the site.
Prime Minister Petteri Orpo and Minister of Defence Antti Häkkänen visited Easpring Finland’s construction site on December 9, 2025, as part of their Kymenlaakso visit.
During the visit, the ministers were particularly interested in discussing the development of the Finnish battery value chain and seeing how the project’s construction is proceeding in practice.
Construction work has advanced significantly, and the factory building has reached its rooftop height. Installation of production equipment will begin after the turn of the year, alongside which construction work will continue for the ancilliary buildings. Easpring Finland aims to start sample production in the summer of 2026.
The factory is estimated to employ directly approximately 270 people at its first-stage capacity once operational. According to an economic impact assessment conducted by consultancy company Ramboll in 2024, the plant will create more than 180 million euros of tax revenue for Finland each year and increase Finland’s GDP by nearly 400 million euros. When indirect employment effects are considered, the plant will create a need for the work input of approximately 3,000 person-years in total.
“Public support has been essential for initiating the project. We are very grateful for the support received from both the state and the City of Kotka. Easpring Finland’s factory has its own role as an accelerator in the development of the battery value chain in Finland. While even one factory generates significant economic effects, the entire industry has great potential to boost economic growth and employment development throughout Finland,” states Jashon Guan, CEO of Easpring Finland.
“During the visit, we discussed with the ministers that it would also be beneficial for us if projects producing precursor materials and lithium hydroxide could proceed into production in Finland. These are key raw materials for us in CAM production. Naturally, getting battery cell production to Finland would also be extremely useful, as then we could have a local customer for our products,” continues Vesa Koivisto, Chief Commercial Officer of Easpring Finland.
Easpring Finland New Materials Oy
Established in March 2024, Easpring Finland New Materials Oy is a joint venture of which Beijing Easpring Material Technology Co., Ltd., listed in ChiNext, owns 70 percent and Finnish Minerals Group 30 percent. The purpose of the company is to produce cathode active materials for the needs of the European production facilities of Easpring’s existing and new customers. www.easpring.fi
