Rockwood Holdings’ Lithium Business Awarded $28.4 million in Stimulus Funds for the Production of Advanced Materials for Lithium Ion Batteries in the U.S.
Princeton, NJ USA (August 10, 2009) – Rockwood Holdings, Inc. (NYSE:ROC) today announced that the U.S. Department of Energy has awarded its Chemetall Foote Corp. subsidiary $28.4 million in Recovery and Reinvestment Act funds to expand and upgrade the production of lithium materials for advanced transportation batteries.
The funds will be used by Rockwood to expand and upgrade the production of lithium carbonate at the company’s Silver Peak, Nevada, site and add the production of very high purity lithium hydroxide to the company’s Kings Mountain, North Carolina, facility. Rockwood and its Chemetall business are the only U.S. domestic source of lithium raw material and the largest global producer of lithium and lithium compounds used in batteries, pharmaceuticals and many other industries.
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