EnerSys enters into joint venture in India

EnerSys, a leader in stored energy solutions for industrial applications, announced today the formation of a new joint venture company in India to produce and market batteries for industrial applications.
By Modern Materials Handling Staff
April 12, 2012 - MMH Editorial

EnerSys, a leader in stored energy solutions for industrial applications, announced today the formation of a new joint venture company in India to produce and market batteries for industrial applications.

EnerSys will have majority ownership in the joint venture with Energy Leader Batteries India Limited, an Indian producer of industrial batteries. The joint venture will serve both reserve power and motive power customers in India.

“As we have noted previously we will continue to expand globally to meet the needs of our customers and to better serve additional geographic markets,” said John D. Craig, chairman, president and chief executive officer of EnerSys. “This transaction, in addition to our recently completed transactions in South Africa and South America, meaningfully expands the addressable markets for our products.”

David M. Shaffer, president EnerSys Asia, added, “The rapid development of infrastructure and modernization in India brings exciting opportunities for EnerSys. The joint venture will also provide products and brands well known to our global customers to support their south Asian growth.”



Subscribe to Modern Materials Handling magazine

Subscribe today. It's FREE!
Find out what the world's most innovative companies are doing to improve productivity in their plants and distribution centers.
Start your FREE subscription today!

Recent Entries

Join Associate Editor Josh Bond and lift truck industry training expert, Jim Shephard share all the findings of Modern's annual Lift Truck User Survey. During this webcast, you'll receive detailed insights into users' practices around procuring, utilizing and maintaining their fleets.

Having grown from a local tool and die business established in 1962, company becomes 20th certified robot integrator.

Company celebrates 15th year on the NASDAQ since IPO in 1999.

Open Sky has already completed more than 270 supply chain software projects for clients in various industries.

Name change to take effect on Sept. 1; no changes planned for product line.

Article Topics

News · Lift Trucks · Forklifts · EnerSys · Batteries · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA