Honda JV begins construction of new battery plant

RP news wires, Noria Corporation
Blue Energy Company Ltd., a new joint-venture company between GS Yuasa and Honda for the manufacturing, sales and R&D of lithium-ion batteries for hybrid vehicles, held a groundbreaking ceremony on April 21 to mark the start of construction of its Osadano Plant in Fukuchiyama, Kyoto, in Japan.

Rendering of the Osadano Plant


Rendering of the Osadano Plant


The groundbreaking ceremony was attended by approximately 100 dignitaries and guests, including Keiji Yamada, the governor of Kyoto prefecture, and Masaji Matsuyama, the mayor of Fukuchiyama city, as well as Makoto Yoda, president and CEO of GS Yuasa Corporation, Takeo Fukui, president and CEO of Honda Motor Company Ltd., and Masahiko Oshitani, president and CEO of Blue Energy Company Ltd.

The new plant is scheduled to begin production sometime around fall 2010.

About Blue Energy Company Ltd.
Establishment April 1, 2009
Headquarters 1, Inobanba-cho, Nishinosho, Kisshoin, Minami-ku, Kyoto
Capital 3 billion yen
Future capital increase to 15 billion yen is planned.
Capital Ratio 51% GS Yuasa Power Supply Ltd. (a wholly-owned subsidiary of GS Yuasa Corporation)
49% Honda Motor Co., Ltd.
Description of business Manufacturing, sales and R&D of high-performance lithium-ion batteries
President and CEO Masahiko Oshitani


About the new Osadano Plant
Location 1-37 Osadano-cho, Fukuchiyama, Kyoto
(within the property of GS Yuasa's Osadano operation)
Lot Size 16,000m2
Investment amount Approximately 25 billion yen
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