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Start-stop drives record sales for Banner

Thu, 07/05/2018 - 12:15 -- Xuan Zhong
Start-stop drives record sales for Banner

Austria-based lead batteries veteran Banner has booked record sales of more than EUR300 million ($348m) for the first time in the firm’s 80-year history.

The company said revenue for the year ended March 2018 was up 11% over the previous year— with growth driven by “strong demand for starter batteries for start-stop vehicles”.

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Redflow to scale up battery making with cash raise

Tue, 05/01/2018 - 11:11 -- Xuan Zhong
Redflow to scale up battery making with cash raise

Australian flow battery maker Redflow is raising AUD18.1 million ($13.6m) to “scale up battery production and grow Australian and international sales”.

The Brisbane-based company said on 26 April it was raising the funds through a combination of a placement to new investors and a fully underwritten rights issue offered to all current shareholders.

 

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