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Eveready crashes plan for battery unit in China
 
Eveready crashes plan for battery unit in China
Eveready Industries India Ltd, the flagship company of the BM Khaitan Group, has put its earlier plan of entering the Chinese battery-manufacturing sector on the backburner. Informing this, Deepak Khaitan, vice-chairman and managing director, Eveready Industries India, said, "We feel that we should have footprint in China in the medium-term. But for the time being, we are not going to manufacture batteries over there. An Eveready battery factory in China is ruled out."

However, Eveready would start buying some of its raw materials, like electromagnetic diodes, metal and plastic parts, from China by the end of the fourth quarter of 2005-06. Currently, the company is buying these materials partly from India and the rest is imported.

Meanwhile, Eveready is negotiating with Toshiba for supplying batteries for the Japanese market. At present, Toshiba buys 25 million batteries every year from Eveready and supplies it mostly to the Latin American markets. "We are negotiating with the Japanese company to double our sales. We also want to make batteries for them for the Japanese market," Khaitan said.
Posted On : 8/22/2005 5:38:13 PM

 
 
 
Eveready crashes plan for battery unit in China