Meiwa sells raw materials and chemicals and based on the MOU announced on April 17, 2017 and also acts as a sales agent and marketing arm of BKT...Meiwa would be considered a reseller or trader of graphite and carbon products; part of their chemical division. They sell to battery manufacturers other materials besides graphite products.
Meiwa does have a JV with an SPG group in China, so they sell graphite product to their JV...they would not be the end user...companies such as Sumitomo, Federal Mogul, SGL, Dixon Ticonderoga, or Kobe Steel would be end users.
Botian Chemical-China is also a processor and reseller of SPG graphite and not an end user. If they are unable to qualify and sell their SPG products, then there are no sales to Botian.
BKT Price at posting:
5.7¢ Sentiment: None Disclosure: Not Held
