A CAM plant is planned in Kotka

A CAM plant producing cathode active material is planned to be constructed in Kotka, Finland. The plant design is based on an annual production of 60,000 tonnes with the possibility to expand capacity in the future. The project is being advanced by Easpring Finland New Materials Oy, established in 2024. The joint venture’s ownership is divided into 70% held by the ChiNext-listed company Beijing Easpring Material Technology Co., Ltd. and 30% held by Finnish Minerals Group Oy.

The plant under construction since early summer 2025 will be a significant part of the Finnish and European battery value chain. With the capacity of the initial phase, it will directly employ about 270 people.

This is Easpring Finland New Materials.  
 

The product is cathode active material

The new plant will produce cathode active material, or CAM, which is needed in cell plants to manufacture the most valuable part of the battery cell, the cathode. Our partner, Beijing Easpring Material Technology, is a developer, manufacturer and supplier of cathode material for lithium-ion batteries. The company has production in four locations in China and sells its products globally.

Aiming for a cluster of battery material plants

The development of a solid battery value chain is progressing well in Finland, and the projects in the Kymenlaakso region are an integral part of our development work. The CAM plant planned in Kotka and the pCAM plant planned in Hamina would form one of the largest clusters of battery material plants in Europe.