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Toda America announced the conclusion of a $35 million award contract with U.S. Department of Energy, half of its total $70 million planned investment in the proposed Battle Creek, Michigan, manufacturing plant.
Toda America plans to build its manufacturing plant of cathode materials for lithium-ion batteries in Battle Creek, Michigan, as soon as the site remediation work is completed and regulatory approvals are obtained in the next few months. Toda expects to complete Phase 1 and plans to start its operation in February 2011, bringing up to 148 new jobs to the area.
The company has been working with the state of Michigan and the city of Battle Creek to finalize various agreements and financial incentives for the manufacturing plant in Battle Creek based on the planned job creation and capital investment.
The project is expected to add 50-60 direct new jobs, and up to a total 148 new jobs including 91 indirect jobs according to the MEDC.
Toda America plans to build its manufacturing plant of cathode materials for lithium-ion batteries in Battle Creek, Michigan, as soon as the site remediation work is completed and regulatory approvals are obtained in the next few months. Toda expects to complete Phase 1 and plans to start its operation in February 2011, bringing up to 148 new jobs to the area.
The project is expected to add 50-60 direct new jobs, and up to a total 148 new jobs including 91 indirect jobs according to the MEDC.
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