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

Global business optimism reaches highest level in survey history.

Mentor-based program aims to help students develop STEM skills and foster innovation, self-confidence, communication and leadership.

Consumer preferences suggest businesses should reconsider chasing the Amazon model.

Patent involves continuous, synchronized travel that allows AGVs to be used in assembly operations to replace traditional conveyor systems.

Regulations present the most significant headwind to growth, but more executives report they are thriving nonetheless.

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