CAPEX Advisors participated in groundbreaking ceremony of the Kotka battery material plant

Picture: Easpring Finland New Materials Oy

CAPEX Advisors was honoured to participate in the groundbreaking ceremony of the Kotka cathode active material (CAM) plant, a project prepared by Easpring Finland New Materials Oy. The event took place on 29^th April 2025 at the site prepared for the plant in Keltakallio, Kotka.

Easpring Finland New Materials Oy is a joint venture between Beijing Easpring Material Technology, a Chinese listed company and Finnish state-owned Finnish Minerals Group. The project, now entering construction phase, will create 270 direct jobs during operational phase, providing a significant boost to the economy of the Kotka region and wider Eastern Finland. The investment cost of the plant is estimated at around EUR 800 million and it will produce 60 000 tons of CAM per year in the first phase, corresponding to the battery demand of around 750 000 electric vehicles.

CAPEX Advisors has acted as financial advisor to the project owners since 2020, with tasks including financial modelling and participation in preparation of support material for decision-making and financial planning. We are grateful for the opportunity to be a part of the creation of the Finnish battery value chain and congratulate all project partners on reaching this important milestone!

CAPEX Advisors was represented at the event by Pekka Neva (partner) and Niklas Rikala (manager).