While a sudden demand for alternative and hybrid electric vehicles is good for the environment, it can come at a bit of a price for the companies that supply things like the lithium batteries used in them. A sudden spike in demand can actually cause more harm than good as it drives up the cost of items and reduces the quality of the final product as companies rush out to mass produce unexpectedly.
But Rockwood hasn’t had any of these problems, as they partnered with Kohlberg Kravis Roberts (KKR) in order to be able to expand and take on the ambitious projects necessary to meet the growing demand. With KKR’s help, Rockwood was able to build a state-of-the-art lithium hydroxide plant in Kings Mountain, N.C. that will produce high purity lithium hydroxide for the advanced transportation batteries used in plug-in electric vehicles.
And that’s not all, Rockwood has also grown fivefold, creating hundreds of new manufacturing jobs, creating new surface treatment plants, and building a Global Technical Center for Lithium at Kings Mountain, N.C. which will bring together engineers and scientists to drive innovation.