Leoch sets sights on Europe as new Asian battery plants start up

Leoch International Technology is to bring two new lead-acid battery plants on stream this year in Vietnam— and has revealed plans to expand in Europe including through acquisitions.

The Hong Kong-listed firm said one of its Vietnam plants will start delivering reserve power batteries by mid-2019, while the other will be delivering SLI batteries by the end of the third quarter.

Construction of both plants is “in full gear”, Leoch said in a Hong Kong Stock Exchange announcement. “The design production capacity of these two factories will be more than double the current total overseas production capacity with opportunity for future expansion.”