Metair completes EUR 13.6 mln Li-ion battery plant in Romania

Int’l Relations

Photo by DMZ001/Shutterstock.com

South Africa-based energy storage products manufacturer Metair Investments says that its Romanian units Prime Batteries and Rombat have completed the installation of the group’s first lithium-ion battery cell manufacturing and assembly plant in Bucharest.

Industrial lithium ion (li-ion) batteries of various types and size. Photo by DMZ001/Shutterstock.com

This project marks the conclusion of Metair’s EUR 13.6 million (USD 15.1 mln) greenfield development capital for lithium-ion technology started in 2017, Metair said in an operational update published on its website on December 11.

This facility has a production capacity of between 600,000 and 1 million cells per year. Its commissioning is progressing according to plan and production is expected to begin in the second quarter of next year, Metair said.

In February 2018, Johannesburg-based Metair acquired 35% of Romanian company Primemotors through its wholly owned subsidiary, Rombat, in order to speed up production of lithium-ion batteries on the European market. The deal was worth EUR 1 min, Metair noted.

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