NEW YORK Lead-acid
battery producer Exide Technologies has formed a strategic
partnership with Mogi das Cruzes, Brazil-based Comab to produce
and service motive power industrial batteries.
Under the terms of the
agreement, battery production and assembly processes will be
completed at Comabs facility near São Paulo.
Milton, Ga.-based Exide will supply materials, processes and
technology required for production; Comab, a service provider
for motive and network power batteries, will oversee
facilities, local management and after sales service
The batteries will be sold and
distributed primarily to the electric fork lift industry in
Brazil, Exide said.
"This expanded relationship will
allow us to participate in a very dynamic and growing
marketplace, to provide products and service solutions to many
of our global (original equipment manufacturing) customers who
are operating there, and to pursue new opportunities." Exide
Americas president Paul Hirt said in a statement.
Exide Technologies is a major
producer and recycler of lead-acid batteries. The company
operates four global business groupsTransportation
Americas, Transportation Europe, Industrial Energy Americas and
Industrial Energy Europeand has offices in 80 countries
around the world.