Australia-based battery manufacturer Century Yuasa reportedly plans a multi-million dollar investment to expand its production of lead-acid battery plates.
Century Yuasa’s general manager of operations, Matthieu Anquetil, told Australia’s Courier Mailthe company will invest AUD6m ($4.6m) in a new line at the company’s Carole Park factory in Brisbane.
Anquetil reportedly said the investment would boost annual production capacity by almost 20% to 1.3m batteries.
“It will allow us to lift efficiency and reduce costs so we can compete against imports,” Anquetil said. “Manufacturing in Australia is getting tougher so we have to become more innovative and look to exports.”
Century Yuasa had not responded to BBB’s request for comment on the investment at the time of going to press.
The battery maker is one of Australia’s oldest and is an affiliate of the GS Yuasa Corporation.
Last year, the Queensland state government praised Century Yuasa for launching production of “the first sealed maintenance free battery designed and built in Australia” at its Carole Park plant.