Exide in additional agreement with Shin-Kobe
Kolkata, Feb 5 : Leading battery-maker Exide Industries Tuesday said it has entered into an additional agreement with Japan's Shin-Kobe Electric Machinery Company Ltd. for implementing new manufacturing process for automotive batteries.
Exide already has a technical collaboration with Shin-Kobe, a leading manufacturer of automotive and industrial batteries and a part of the Hitachi Group.
Under this agreement, Shin-kobe will provide Exide the technology and extensive technical support and assistance to enable it to manufacture quality automotive batteries in various parts of India, the Kolkata-based company informed the Bombay Stock Exchange (BSE).
"This new technology would enable Exide to not only manufacture superior quality batteries but is also expected to result in cost reduction," it said.
The firm early last year entered into technical collaboration and assistance agreements with US battery maker East Penn Manufacturing Co. Inc. for technical support in manufacturing, designing, quality control and procurement.