In what will be the largest foreign direct investment in Ohio, SEMCORP Advanced Materials Group will invest $916 million to establish an 850,000 square foot manufacturing facility in Sidney, OH. The project will create nearly 1,200 jobs with an annual payroll of $73 million. The facility will manufacture separator film, a key component of electric vehicle (EV) batteries. SEMCORP’s products will be used by major manufacturers of electric vehicle batteries in North America.
“The Sydney facility is one of the most significant investments in our company’s history, as we know the United States is heavily committed to building the supply chains for electric vehicles and storing energy here at home,” said Paul Lee, co-founder, president and CEO of SEMCORP. . “Our Sydney site will be the largest US manufacturer of electric vehicle battery separator films. We look forward to working hand-in-hand with state and local leaders to make large-scale domestic production of this component a reality.
“SEMCORP chose the Sidney location because of the state’s impressive commitment to vocational education, readiness for a large-scale project like ours, strong work ethic in the area, and proximity to key customers,” explained James Shih, SEMCORP Group Vice President of Global Projects. “We are delighted to call Sidney home, and we will do everything we can to earn the trust of the local community.”
No batteries will be manufactured by SEMCORP and no lithium is used in the release film manufacturing process. There will be no lithium mining at the site as there are no lithium deposits in or near Ohio. In addition to electric vehicles, lithium-ion batteries safely power a wide range of consumer products such as cell phones and computers. SEMCORP is committed to operating the facility in compliance with all relevant environmental and safety standards, according to Shih.
SEMCORP is currently the largest producer of lithium-ion battery release films in the world with five billion square meters of annual core film production capacity at six manufacturing facilities. The company plans to add an additional eight billion square meters of capacity over the next four years, including the Sidney site, primarily to serve the growing electric vehicle market.
“SEMCORP’s advanced battery separator film will help propel Ohio to the forefront of the electric vehicle industry,” said JP Nauseef, JobOhio President and Chief Executive Officer. “Our team of professionals, including the Dayton Development Coalition, Sidney-Shelby Economic Partnership, City of Sidney and Shelby County, have worked tirelessly to demonstrate why Ohio is the best place for this investment.”
The facility will be located in the Sidney Ohio Industrial Park at Millcreek and Kuther Road, a site authenticated by JobsOhio’s SiteOhio program in 2021. The site has been flagged for major industrial development since 2016. Authenticated site status ensures that the site is free from any prejudice. that can slow or stop development.
“We are delighted to welcome SEMCORP to the Dayton area. Their decision to manufacture in Sidney advances Ohio’s efforts to develop a robust ecosystem for electric vehicles,” said Jeff Hoagland, President and CEO of the Dayton Development Coalition. “The rapidly growing market for electric automobiles and aircraft represents an incredible opportunity for the Dayton area to stay competitive in the changing manufacturing economy and provide opportunities for our skilled manufacturing workforce.”