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Exxon Mobil Said Affiliate Will Establish Joint Venture With Toray Industries (XOM)

Nov 04, 2009 (SmarTrend(R) News Watch via COMTEX) --

Company: Exxon Mobil Corp. (XOM)

11/4/2009 - Exxon Mobil (NYSE:XOM) said its affiliate TonenGeneral and Toray Industries will establish a joint venture to develop, manufacture, and sell lithium ion battery separator film and introduce next generation films to the market. The film allows for the units to operate at higher temperatures with a reduced risk of meltdown. Each company will own a 50% interest in the joint venture and will be headquartered in Tokyo.

Write to Chip Brian at cbrian@tradethetrend.com

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News Provided by COMTEX

Company: Exxon Mobil Corp. (XOM)


Related terms: film, joint venture, manufacturer, market, nyse, securities, tokyo

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