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 value of the investment is approximately EUR 800 million, and at the most active stage of construction, approximately 800 people are expected to work on the site.
“We are excited to start construction work in Kotka with our main contractor, CHEC, and their local partners. Our plant project is significant in size, and the construction will involve as much cooperation as possible with local subcontractors,” says Vesa Koivisto, Chief Commercial Officer of Easpring Finland.
The Kotka-Hamina region development company Cursor Oy maintains a contractor register online, where companies interested in major industrial projects in the region can sign up and get involved with projects. Contractors interested in the Easpring plant construction can register through the Cursor website.
Cathode active material (CAM) produced in the plant is an important part of lithium-ion batteries, which are used in electric vehicles, energy storage, and other applications. The future Kotka CAM production is especially needed by European battery cell factories that produce battery solutions for electric vehicles.
When operational, the plant is expected to employ directly approximately 270 people at
the first-stage capacity.
Further information for the media:
Vesa Koivisto
Chief Commercial Officer
Easpring Finland New Materials Oy
+358 50 453 6322
firstname.lastname(at)easpring.fi
Further information for local subcontraction inquiries:
Lin Tao
Deputy Project Manager
China Harbour Engineering Company
+48 881 319 888
tlin(at)chec.bj.cn
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
