Roschier represents Finnish Minerals Group in the establishment of a battery plant in Hamina

Finnish Minerals Group and Chinese technology company CNGR Advanced Material have decided to continue their collaboration for establishing a pCAM battery plant in Hamina, Finland. The plant project will be managed by the partners’ joint venture company, of which CNGR Advanced Material will own 60 per cent and Finnish Minerals Group 40 per cent. Roschier advises Finnish Minerals Group in the project.

The plant capacity has been set at 20,000 tons a year for the initial phase. Construction is expected to start next summer, with the goal to launch production in 2024 and invest in increasing the capacity along with the production over the following years. The initial investment will be EUR 200–300 million.

Finnish Minerals Group manages the Finnish State’s mining industry shareholdings and strives to develop the Finnish value chain of lithium-ion batteries. The company is engaged in the long-term technology development of the mining and battery industry, with the mission to responsibly maximize the value of Finnish minerals and contribute to Europe moving towards electric transport and a more sustainable future.

Roschier’s core advisory team comprises Toni Siimes, Laura Hakkarainen, Johanna Flythström and Ami Paanajärvi.