Japan's W-Scope signs 5-yr supply deal with Samsung SDI, shares surge

W-Scope Chungju Plant

31/07/2023 07:17

TOKYO, July 31 (Reuters) - Japan's W-Scope  6619.T  said
on Monday it had signed a five-year deal with battery maker
Samsung SDI  006400.KS  to supply separators used in lithium-ion
batteries, mainly to power electric vehicles (EVs).
    The company's shares ended up 8.8% in Tokyo.
    Subsidiary W-Scope Chungju Plant  393890.KQ  will supply
about 4 billion square metres of separators to Samsung SDI in
South Korea, the United States, and other areas, the company
said in a statement. 
    The deal, which runs from 2023 to 2027, has already been
factored into the company's earnings for this year, W-Scope
added.
    

 (Reporting by Chang-Ran Kim; editing by Eileen Soreng)
 ((ran.kim@thomsonreuters.com; +81-3-4520-1228))