Terrafame concludes change negotiations carried out in accordance with the Finnish Co-operation Act
In 2021, Terrafame carried out a significant investment when it launched its new battery chemicals plant. The plant serves the globally growing e-mobility market, which requires an ever-increasing supply of responsible battery materials. Terrafame is expanding its battery chemicals business, and during this expansion, the company’s underlying business must also be efficient and profitable. In January 2022, Terrafame announced that it had initiated a cost savings programme, which aims at EUR 10 million annual savings and improving cost competitiveness and profitability of the company.