Monday, April 16, 2012
Is advanced battery maker Dow Kokam in Midland 10 years too early?
Was Dow Kokam built too early? In a recent report from the Detroit Free Press, Michigan's growing battery industry is examined, and the timing for the opening of Dow Kokam, a $320 million facility in Midland, is questioned. "With slow sales and several bankruptcies plaguing the electric vehicle industry, it would appear that 2012 may not be the best year to open a new lithium-ion battery manufacturing plant in Michigan," the report read. When Dow Kokam, a joint venture of the Dow Chemical Co., TK Advanced Battery, LLC — based in Lees Summit, Missouri — and Groupe Industriel Marcel Dassault, a French company, opens later this year, it will become Michigan's fifth advanced battery manufacturer.
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