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☆ Umicore CEO says he expects revenue growth in the battery materials business
  + stars: | 2024-02-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUmicore CEO says he expects revenue growth in the battery materials businessUmicore CEO Mathias Miedreich breaks down the firm's earnings, laying out how the numbers will play into a strategy for greater cash generation.
Persons: Mathias Miedreich
☆ Umicore CEO discusses having a fully integrated European battery material supply chain
  + stars: | 2023-02-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUmicore CEO discusses having a fully integrated European battery material supply chainMathias Miedreich, CEO of Umicore, discusses the materials technology company's full-year results and growth strategy for 2023.
☆ U.S.-China friction stokes concern among some top finance bosses
  + stars: | 2023-01-17 | by ( ) www.reuters.com   time to read: +2 min
[1/2] Carmine Di Sibio, Global Chairman and CEO of EY, speaks at the 2022 Milken Institute Global Conference, in Beverly Hills, California, U.S., May 2, 2022. Anne Richards, CEO of the $610 billion money manager Fidelity International, put her level of worry about a potential decoupling of the two economies at 6 out of 10 when asked during a panel discussion. EY global chair and CEO Carmine Di Sibio put his own level of concern at 9 out of 10. EY's Di Sibio told the event U.S. administration officials were "extremely aggressive" about the extent of business with China particularly in technology, adding this was the case across much of the West. But the politics are really in the way and I am worried that they're not getting better," Di Sibio said.
☆ Volkswagen teams up with Umicore on battery materials
  + stars: | 2022-09-26 | by ( Victoria Waldersee | ) www.reuters.com   time to read: +3 min
The venture - between Umicore and Volkswagen's battery unit PowerCo - also plan to collaborate on recycling metals from battery materials, the firms said, without giving a timeframe. Under the 3 billion euro ($2.9 billion) joint venture, which the companies flagged in December, Umicore will produce enough battery precursor and cathode material for 160 gigawatt hours (GWh) of battery capacity - enough for 2.2 million vehicles. It will start with material for 40 GWh of capacity by 2026 at Volkswagen's first battery plant in Salzgitter, Germany. There is a "strong industrial logic" to locating production at Umicore's newly inaugurated battery materials plant in Nysa, Poland, Umicore CEO Mathias Miedreich said, adding a decision would be taken "rather quickly". read moreThe companies also agreed that Umicore would refine cathode material for the first 60 GWh of capacity.
☆ Volkswagen's PowerCo and Umicore team up on battery materials
  + stars: | 2022-09-26 | by ( Victoria Waldersee | ) www.reuters.com   time to read: +2 min
REUTERS/Imelda MedinaBERLIN, Sept 26 (Reuters) - Volkswagen's (VOWG_p.DE) PowerCo and materials technology firm Umicore announced a 3 billion euro ($2.9 billion) joint venture on Monday that will produce battery precursor and cathode material from 2025, likely at Umicore's new plant in Poland. The venture will start with a target of 40 GWh by 2026, with Volkswagen's Salzgitter battery plant the first to receive material. Register now for FREE unlimited access to Reuters.com RegisterThere is a "strong industrial logic" to locating production at Umicore's newly inaugurated battery materials plant in Nysa, Poland, Umicore CEO Mathias Miedreich said, adding a decision would be taken "rather quickly". Volkswagen, which plans to build six battery plants in Europe by 2030 starting with Salzgitter, first announced in late 2021 that it was planning a joint venture with Umicore as it attempts to gain control over the entire battery value chain. read moreShares in the Belgian company plummeted in June after it announced a 5 billion euro plan to bulk up its battery material business, with analysts concerned about the higher debt and external funding required amid rising costs.
☆ Umicore CEO discusses the launch of its battery materials plant
  + stars: | 2022-09-23 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUmicore CEO discusses the launch of its battery materials plantMathias Miedreich of Umicore says lithium won't be a problem in the long term and adds that the "key item" to watch for is nickel.
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