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 support.
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.