Aug. 19, 2024 - Following the Canadian Competition Bureau’s 2023 Retail Grocery Market Study in which it recommended that provincial and territorial governments take measures to limit property controls in the grocery industry, including banning their use, the Bureau recently released for public comment a...
Announcement
Umicore to Build First-of-Its-Kind Factory for EV Battery Components in Ontario
Davies is acting for Umicore SA/NV, a circular materials technology company headquartered in Belgium, in the development and construction of a manufacturing plant for electric vehicle battery materials. The facility will be the first of its kind in North America to produce both precursor and cathode active materials at an industrial scale. It will also be powered fully by renewable energy.
The facility will be located in Loyalist Township near Kingston, Ontario, and is scheduled to open in 2025. Approximately 700 employees will make battery parts from metals such as nickel, cobalt and lithium.
Umicore’s facility continues the trend of major Canadian investments by global automotive manufacturers. Read more about this project in The Globe and Mail.
The Davies team advising on the project includes Elise Beauregard and Franziska Ruf (Corporate); Pawel Mielcarek, Steven Willard, Paul Capparelli and Jonathan Godin (Infrastructure and Commercial Real Estate); Sarah Powell (Environment); Michael Kandev and Jesse Boretsky (Tax); Nicholas Williams and Caroline Menard (Project Finance); and Mark Katz (Foreign Investment).
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