GP Batteries Relocates Li-Ion Manufacturing Operations
from US to Taiwan
28 August 1998, Singapore - Mainboard-listed GP Batteries International Limited announces that its wholly owned subsidiary, GP Lithium Batteries LLC, Waterbury, Connecticut, is taking steps to relocate its manufacturing operations for production of lithium ion ("Li-Ion") rechargeable batteries to the Group's existing plant in Taiwan. These battery products include Li-Ion cells and rechargeable battery packs for use in notebook computers and other portable electronic devices.
This is in line with GP Batteries' strategy to enhance competitiveness of its battery production by relocating manufacturing to lower cost countries in Asia. It will also place the factory closer to portable computer and other electronic equipment manufacturers.
Following the relocation plan, production of Li-Ion batteries will be shifted to GP Batteries' existing plant in Hsin Chu, Taiwan which is presently manufacturing primary layer built batteries. This plant will be upgraded to accommodate new production activities.
Apart from Li-Ion batteries, GP Batteries also produces a wide range of Nickel Metal Hydride and Nickel Cadmium rechargeable batteries as well as primary batteries. The addition of Li-Ion batteries will further enhance the Group's market position in the rechargeable battery industry.
Information on GP Batteries International Limited
GP Batteries International Limited ("GP Batteries"), a member company of Gold Peak Industries (Holdings) Limited, is principally engaged in the development, manufacturing and marketing of batteries and battery related products.
The Company has been listed on the main board of the Stock Exchange of Singapore Limited since March 1991, and is also a component stock of the BT Singapore Regional Index. It was awarded Operational Headquarters Status by the Economic Development Board of Singapore in June 1990, and the Status has been extended for a further period of five years commencing July 1, 1996. GP Batteries' major production facilities are located in Hong Kong, China, Singapore, Taiwan, Malaysia, Denmark, Poland and the United States, supported by marketing and trading offices in Singapore, Hong Kong, Taiwan, China, South Korea, Poland, France, Germany, Canada, Australia, Italy, Sweden, the Middle East, Pakistan, Sri Lanka, the United Kingdom and the United States.
Today, GP Batteries is one of the world's major supplier of consumer and rechargeable batteries, employing about 7,000 people and occupies a total floor area of more than 150,000 square metres.
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