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Tokai Carbon GE LLC, a manufacturer of graphite electrodes for the U.S. steel industry, plans to create up to 15 full-time jobs with a $25 million investment in its facility in Hickman, Ky. The investment would cover the cost to install new equipment, which will allow the company to increase production to better serve customers throughout the U.S. Tokai Carbon GE LLC is a subsidiary of Tokai Carbon Co., which is headquartered in Tokyo, Japan. Tokai Carbon purchased the U.S.-based graphite electrode business of SGL Carbon in November 2017 and operates production facilities in Hickman and Ozark, Ark. The Tokai Carbon Hickman site currently employs 50 people.
It is widely known that graphite is used in the automobile and steel industries. Besides the classical markets, there are new and ever-growing markets, such as lithium-ion batteries, being driven by the megatrends of digitalization and the Internet of Things. Of global graphite production, 70% is being accumulated by China.