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lead-acid battery

Canadian company buys out South Korea’s iQ Power

Thu, 12/07/2017 - 10:19 -- News Editor
Canadian company buys out South Korea’s iQ Power

South Korea’s battery manufacturer iQ Power Asia Inc. has been acquired by Vancouver-based lead-acid battery maker Discover Energy and will operates as a subsidiary under a new name.

The new business is called Discover MIXTECH Manufacturing Co Ltd and will be led by Steve Nam, the South Korean manufacturing site helps secure Discover’s global supply of automotive and commercial batteries.

 

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India’s Amara Raja ‘eyes expansion into Li-on’

Tue, 10/17/2017 - 09:33 -- News Editor
India’s Amara Raja ‘eyes expansion into Li-on’

Indian lead-acid battery maker Amara Raja Batteries is reportedly preparing to branch out into “alternative chemistries” as part of business expansion plans.

Amara chairman Ramachandra N Galla told India’s Business Standard: “We expect to finalise the technologies and the investment plans in a year or two. The work on research, capital costs and partnerships is currently under way.”

 

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TBS Engineering to expand with new HQ

Mon, 10/09/2017 - 11:42 -- Xuan Zhong
TBS Engineering to expand with new HQ

UK-based lead-acid battery machinery maker TBS Engineering has unveiled plans to open a new “global HQ” in Gloucestershire as part of expansion plans.

TBS, the leading manufacturer of cast-on strap machines, told BBB construction work is under way on the GBP15 million ($19.7m) facility on the Gloucester Business Park— underlining the firm’s confidence in the lead-acid market.

 

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Monbat snaps up Italian battery recycling business

Mon, 10/02/2017 - 14:10 -- News Editor
Monbat snaps up Italian battery recycling business

Bulgarian lead-acid battery manufacturer Monbat is to acquire Italian battery recycling company Piombifera Italiana for an undisclosed sum.

The acquisition, to be made through Monbat’s recycling subsidiary, was triggered by “the increased demand for raw materials for the production of lead batteries”, Monbat said in a statement to Bulgaria’s Financial Supervision Commission.

 

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Study “changes lead absorption assumptions”

Tue, 09/19/2017 - 11:04 -- News Editor
Study “changes lead absorption assumptions”

New analysis indicates that earlier studies into lead absorption levels of workers in the battery industry “likely overestimated” the rates of absorption.

The Battery Council International (BCI) said the new study, which it sponsored, found the airborne lead particle size observed in lead battery manufacturing and secondary smelter facilities “significantly changes previously-held assumptions about lead absorption rates”.

 

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India’s lead battery market ‘on the up’

Mon, 09/18/2017 - 11:41 -- News Editor
India’s lead battery market ‘on the up’

The lead-acid business in India is set to soar over the next few years and demand from stationary and motive applications (SMA) will more than double in value, according to a new report.

The India Energy Storage Alliance (IESA) said the value of the country’s lead-acid batteries market is currently worth around Rs27,000 crore ($4.2 billion)— of which the SMA market share accounts for Rs12,650 crore ($1.98bn).

 

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Enel subsidiary to install NY batteries

Wed, 09/06/2017 - 16:51 -- News Editor
Enel subsidiary to install NY batteries

US-based Demand Energy, wholly owned by Italian utility Enel Group, has announced it will build a total of 2.5MW/10MWh of energy storage in New York City with 11 projects.

Demand has been selected by New York City’s distribution grid operator to supply behind-the-meter (BTM) C&I (commercial and industrial) and multi-unit residential systems.

 

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Canada lead-acid firm expands in South Korea

Fri, 09/01/2017 - 09:37 -- News Editor
Canada lead-acid firm expands in South Korea

Vancouver-based lead-acid battery firm Discover is launching an SLI lead-acid manufacturing plant in South Korea, backed by Canadian export financing.

Discover, which was awarded $15 million from Export Development Canada (EDC), told BBB the financing supported the firm’s acquisition of an existing battery plant site in South Korea.

 

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Monbat plans Tunisian lead-acid stake

Tue, 08/22/2017 - 09:57 -- News Editor
Monbat plans Tunisian lead-acid stake

Bulgarian lead-acid battery manufacturer Monbat is set to buy a majority stake in Tunisian lead-acid batteries business Assad.

Sofia-based Monbat said in an announcement to the Bulgarian Stock Exchange it had signed a letter of intent with Assad’s main shareholders but gave no other details.

 

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Hitachi buys Thai lead acid maker

Wed, 08/02/2017 - 10:24 -- News Editor
Hitachi buys Thai lead acid maker

Hitachi Chemical Co., Ltd. is set to acquire a 43.9% stake in Thai Storage Battery (TSB), through a negotiated transaction with the Korphaibool Family, the founder and major shareholder of TSB.

After completing the acquisition, the Hitachi Chemical Group plans to acquire the remaining stake by launching a mandatory tender offer (MTO) of 275 Thai baht ($8.26) per share, without setting an upper limit on the planned number of shares to be purchased.

 

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