If you need to know about batteries; you’ve come to the right place Chinese flag 点击这里访问我们的中文网站 Chinese flag

lead-acid

Monbat drops plans to acquire control of Assad

Mon, 10/22/2018 - 00:00 -- John Shepherd
Assad battery

Bulgarian lead-acid battery manufacturer Monbat has dropped plans to buy a majority stake in Tunisian lead firm Assad.

The decision to scrap the deal, announced last year, came amid reports of an alleged pending legal case concerning the land on which Assad built its production plant— and concern that Monbat would be unable to retain control of an Assad subsidiary in Algeria because of proceedings in that country.

Monbat declined to comment in detail, but a spokesperson said: “In the course of the final stage of the due diligence of L’accumulateur Tunisiene Assad, there were subsequent matters disclosed which are challenging the originally expected value creation and are increasing Monbat’s level of enterprise risk.”

Other projects being financed by Monbat’s recent corporate bond issue are under way and an update will be issued to investors in due course, the Sofia-based company said in a filing with Bulgaria’s Financial Supervision Commission.

Monbat said it would “sustain its investment selectivity and focus on those business projects in the current pipeline, which provide the best match between return and operational risk”.

Assad, founded in 1974, designs, manufacturers, distributes and recycles lead-acid batteries for applications, including automotive, marine, solar, industry and telecoms.

Assad has reported a combined annual production capacity of 1.2 million batteries. The firm’s recycling arm was launched in 2002 to recycle around 10,000 tons of used batteries from the Tunisian market each year.

Monbat was founded in 1959, privatised in 1998 and is now a leading European battery producer. The company has production and recycling plants in three countries and exports worldwide.

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

Monbat drops plans to acquire control of Assad

Mon, 10/22/2018 - 00:00 -- John Shepherd

Bulgarian lead-acid battery manufacturer Monbat has dropped plans to buy a majority stake in Tunisian lead firm Assad.

The decision to scrap the deal, announced last year, came amid reports of an alleged pending legal case concerning the land on which Assad built its production plant— and concern that Monbat would be unable to retain control of an Assad subsidiary in Algeria because of proceedings in that country.

Monbat declined to comment in detail, but a spokesperson said: “In the course of the final stage of the due diligence of L’accumulateur Tunisiene Assad, there were subsequent matters disclosed which are challenging the originally expected value creation and are increasing Monbat’s level of enterprise risk.”

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

Aqua Metals chief upbeat as ingots production gears up

Mon, 10/22/2018 - 00:00 -- John Shepherd
Ingoting process at Aqua Metals' plant in Nevada

Novel US lead-acid battery-recycling company Aqua Metals has “overcome technical hurdles” and is now making lead ingots at a “steady state”, the company’s president has announced.

Steve Cotton said the firm would be able to ship its “ultra-pure AquaRefined lead directly to battery manufacturers for production— and also allow them to test our AquaRefined lead for improved battery performance and life”.

Cotton’s announcement signalled what the company hopes will be a continuation of a gradual turnaround in its fortunes following a number of setbacks in striving to commercialise a water-based lead-acid recycling process.

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

Hammond CEO Murphy joins BCI board

Mon, 10/08/2018 - 00:00 -- John Shepherd
Terry Murphy

Hammond Group chief Terry Murphy, has joined the board of Battery Council International (BCI).

Murphy (pictured), who joined Hammond’s board in 2011, is chairman, president and CEO of the lead-acid company.

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

Amara Raja to launch LIB assembly plant

Tue, 09/18/2018 - 14:40 -- Hugh Finzel
Amara Raja logo

Indian lead-acid battery maker Amara Raja reportedly plans to build a lithium-ion battery pack assembly plant in Andhra Pradesh in the south-east of India.

The move comes amid an upsurge of battery-related activity as manufacturers look to solidify their share of the domestic market for electric vehicle battery packs, which is expected to be worth around US$300 billion by 2030.

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

Daramic chief reveals French facility expansion

Mon, 09/10/2018 - 13:50 -- John Shepherd
Bryan Moorehead

US-based lead-acid separator company Daramic is expanding its facility in France, president Bryan Moorehead has revealed.

The move will “add at least 15% to our capabilities” in the country, Moorehead told BEST Battery Briefing on the sidelines of the 16th European Lead Battery Conference (ELBC) in Vienna.

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

China review ‘aims to expand power battery recycling’

Tue, 08/14/2018 - 10:58 -- John Shepherd

A review of China’s approach to recycling lead and lithium-ion batteries has been launched aimed at proposing “a complete and efficient” nationwide power battery system.

The China Energy Storage Alliance (CNESA) said the study by industry leaders and academics would “explore future system design and policy development direction”.

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

Aqua Metals not yet at ‘steady state’ operation

Tue, 08/14/2018 - 10:51 -- gerry@bestmag.co.uk
Aqua Metals lead ingot

Newly-appointed Aqua Metals president Steve Cotton, who left the novel lead-acid battery recycling firm just over a year ago, has admitted the company is still working on getting its process modules to “steady state” operation— and will probably be operating as little as four of them in the coming months to get things right as the company moves to scale.

Concentrating on the technology is unlikely to improve the company’s bottom line for some time. However, the original business model was premised on being able to sell fund development through the sale of sufficient refined lead. 

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

Exide India ‘collaborating with Furukawa on Bengal battery plants’

Mon, 08/13/2018 - 12:57 -- John Shepherd
Guatam Chatterjee

India’s Exide Industries is set to expand a production plant in West Bengal in collaboration with Japanese manufacturer Furukawa Battery to supply batteries for bullet trains.

Exide Industries CEO and MD Gautam Chatterjee (pictured) was quoted as telling the Economic Times: “The expansion project will mainly produce high-end nickel-cadmium batteries in technical collaboration with Furukawa.”

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

Amara Raja targets Middle East from new UAE batteries base

Mon, 08/13/2018 - 12:53 -- John Shepherd
Ramachandra Galla. Photo: Amara Raja

Indian lead-acid battery maker Amara Raja Batteries has opened a new trading base in the United Arab Emirates to expand sales across the Middle East.

The company told the Bombay Stock Exchange its new, wholly-owned subsidiary, Amara Raja Batteries Middle East, will operate from the Sharjah Airport International Free Zone trading in batteries and related products.

The full story is only available in our FREE weekly industry newsletter, so sign-up to get it delivered to your inbox every Monday.

Pages

Subscribe to lead-acid