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InSpec Group Announces Commencement of Contract Services by ITOCHU Corporation and TEXMAC Inc.

November 01, 2012


InSpec Group (headquartered in Portland, Oregon, USA; Taro Toyoda, CEO; hereinafter “InSpec”) announced today that InSpec, ITOCHU Corporation (headquartered in Minato-ku, Tokyo; Masahiro Okafuji, President & CEO; hereinafter “ITOCHU”), and its wholly owned U.S. industrial machinery sales company, TEXMAC Inc. (headquartered in Charlotte, North Carolina, USA; Keiji Nakagawa,President; hereinafter “TEXMAC”) will commence contract services for the construction of manufacturing plants for secondary batteries, such as lithium-ion batteries, and a range of ancillary facilities. TEXMAC and InSpec entered into an alliance agreement on October 31, 2012, and the companies will support both Japanese and North American manufacturers in constructing new plants in the future.

Demand for secondary batteries in the North American market is expected to continue to grow, not only for use in hybrid and electric vehicles, but also for stationary power sources including housing, large facilities of various industries, and grid scale storage applications. As a result, the expansion of production capacity for secondary batteries has become essential in the market. In addition, reflecting the recent strong yen, price competition in the secondary battery sector has been escalating. In response, Japanese manufacturers of raw materials for batteries (positive-electrode materials, negative-electrode materials, separators, and electrolytic solutions), and battery manufacturers have been accelerating their initiatives to relocate their manufacturing bases to North America.

TEXMAC possesses extensive knowledge and experience, gained through sales in North America over a long period of time, of the equipment of Japanese manufacturers who claim a significant share of the secondary battery manufacturing sector. InSpec has a track record of gaining large numbers of orders from raw materials manufacturers and battery manufacturers to construct plants in North America. It also possesses a superior price competitive edge based on proposal-style cost reductions.

While undertaking their individual roles, TEXMAC and InSpec will support the engineering and construction of secondary battery manufacturing plants in North America in an integrated manner.


Outline of alliance

1. Roles of TEXMAC
(i) Identifying new customers who are investigating business development in North America, and presenting and consulting regarding production facilities based on customers’ required specifications by maintaining cooperation with ITOCHU.
(ii) Supplying Japanese manufacturers’ equipment, which enjoys a large share of the secondary battery manufacturing sector, and supporting operations, including maintenance, after the commencement of operations at the plants.

2. Roles of InSpec
Engineering, Procurement, and Construction (EPC): Provision of comprehensive services ranging from the selection of potential plant sites through the design and construction of manufacturing plants, including the acquisition of a range of permissions and licenses, to the running of trial operations, in addition to technological support and regular facility maintenance after the commencement of operations.

The alliance between TEXMAC and InSpec primarily targets the construction work of secondary battery manufacturing plants. However, the companies will not restrict their sales activities to this sector, and they will seek opportunities for involvement in the construction work of plants in other sectors.  

About ITOCHU Corporation
With approximately 130 bases in 67 countries, ITOCHU Corporation is one of the leading sogo shosha, and engages in domestic trading, import/export, and overseas trading of various products such as textile, machinery, metals, minerals, energy, chemicals, food, information and communications technology, realty, general products, insurance, logistics services, construction, and finance, as well as business investment in Japan and overseas. For more information, please visit http://www.itochu.co.jp/ja/.

About TEXMAC Inc.TEXMAX Inc. was incorporated in 1974 and is a wholly-owned subsidiary of ITOCHU Corporation. TEXMAC is a member of ITOCHU’s Aerospace & Industrial Systems Division. Some of the industries they support include: Photovoltaic, Battery, Printed Circuit Board, Synthetic Fibers, Packaging, Embroidery and Screen Printing. For more information, please visit http://www.texmac.com.
 
 
About InSpec Group
InSpec Group is an innovative multi-disciplinary engineering and construction group providing facility and energy solutions to customers across the nation from offices on the US west coast, southeastern US and the American heartland as well as Tokyo, JAPAN.  In addition to its PV solar integration business, InSpec Group has project expertise throughout the entire supply chain of Energy Solutions industries, including advanced materials such as polysilicon, single-crystalline silicon wafers, chemicals and aviation-grade composites.  For more information on InSpec Group, please visit http://www.inspecgroup.com .

 

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