Hyosung to acquire Umicore’s battery materials unit EMM

South Korea’s HS Hyosung Advanced Materials Corporation (Hyosung) is expanding into the battery materials sector with the acquisition of a majority stake in a subsidiary of Belgian materials technology and recycling group Umicore BV. Hyosung has agreed to acquire an 80% stake in Extra Mile Materials BV, a developer of silicon composite anode materials headquartered in Brussels, with Umicore retaining a 20% stake. The acquisition will allow the South Korean company to enter a “rapidly growing” global batte ...