The new business entity will serve the industrial energy and transportation markets in South America with one of the world’s most comprehensive portfolios of electrical energy storage products manufactured at the Exide facilities globally. This business structure also enhances the ability of Exide’s ReStore Energy Systems division to penetrate the developing markets for renewable energy applications such as solar, wind power and hybrid electric vehicles.
When fully operating, Exide Technologies do Brasil Ltda. will market a wide range of vented and advanced valve-regulated lead-acid technologies and lithium ion batteries for motive power, network power and transportation applications in South America under the Exide(R) premium brand-name portfolio and ABSOLYTE(R), MARATHON(R), SPRINTER(R), GNB(R) FLOODED CLASSIC, and FULMEN(R) brands.
Exide Technologies already is a supplier of products and services for critical power-supply requirements across several South America industries, including key segments such as materials handling, rail, telecommunications, public utilities and electrical power generation and distribution, along with the automotive original equipment and aftermarket sectors.
"With the establishment of Exide Technologies do Brasil Ltda., our Company is better positioned to capitalize on the growth potential for stored electrical energy markets in the South American region," said Gordon A. Ulsh, Chief Executive Officer of Exide Technologies. "The Company’s new entity in South America gives Exide better access to our existing customers and potential customers, with the opportunity to market specific solutions for local needs. This move forward will provide more opportunities for us to deliver our products and services to the region."
Exide Technologies, with operations in more than 80 countries, is one of the world’s largest producers and recyclers of lead-acid batteries. The Company’s four global business groups — Transportation Americas, Transportation Europe and Rest of World, Industrial Energy Americas and Industrial Energy Europe and Rest of World — provide a comprehensive range of stored electrical energy products and services for industrial and transportation applications.
Transportation markets include original-equipment and aftermarket automotive, heavy-duty truck, agricultural and marine applications, and new technologies for hybrid vehicles and automotive applications. Industrial markets include network power applications such as telecommunications systems, electric utilities, railroads, photovoltaic (solar-power related) and uninterruptible power supply (UPS), and motive-power applications including lift trucks, mining and other commercial vehicles.