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Toda Kogyo says business alliance with BASF


Friday, 15 Dec 2017 04:58am EST 

Dec 15 (Reuters) - Toda Kogyo Corp <4100.T>:Says the co and unit Toda America Incorporated(TAI) forms business alliance with BASF Corporation.Says two entities mainly cooperate on business related to electrode materials for lithium-ion battery in U.S. .Says unit TAI will invest in BASF TODA America LLC, which was established by BASF Corporation, and transfer plant to BASF TODA America LLC, effective Feb. 28, 2018, to develop joint venture business .