Century Batteries enters administration owing USD36.2m

News Story
- 8 Jul 2004 ( #165 ) - CAROLE PARK, Australia
1 min read
Australian-based industrial battery manufacturer Century Batteries has entered voluntary administration.
A report by the Courier-Mail newspaper in Queensland said about 500 creditors were owed up to AUD50 million (USD36.2 million) when the company and five subsidiaries entered voluntary administration on June 25.
The manufacturer employs more than 500 workers in Australia and New Zealand and turns over about AUD140 million a year.
Administrator Neil Cussen, of Horwath chartered accountants, told the Courier-Mail the company was still operating, and could emerge from administration in the future.
"It's a very strong business and a very successful business and has shown significant growth in recent times," Cussen said.
Founded in 1928, Century was taken over in 1988 by Yuasa Corp of Japan and Indonesian firm Gemala.
The company and its administrator did not return Forkliftaction.com's calls.
Rumours surround Omega Lift
Rumours surround Omega Lift 4 Aug 2016 - Bolton, ON, Canada - 2 min read
Jungheinrich steps closer to 2017 sales target
Jungheinrich steps closer to 2017 sales target 12 Mar 2015 - Hamburg, Germany - 1 min read
Previously about:
Briefs News Story - 6 Jul 2023 - 2 min read
Do you have materials handling news? Submit your news here

PREMIUM business

VETTER Forks, Inc.
The world's most comprehensive product range as well as the most intelligent sensor fork for more safety and efficiency.

Since July 2000, Forkliftaction News has been your guide to the developments that are shaping your industry.

Starting today we are also looking back on some of the key news stories from our extensive news archive.

In the news email and on the website, you'll see links to stories that were 'leading our news' multiple years ago, with topics spanning world-first products, big acquisitions, and major industry shifts.
We hope you enjoy this unique insight into the materials handling industry!

Words of support …

The cooperation with Forkliftaction has been exceptional. It's always a pleasure to work with specialists who know the inside out of the industry

Ane Miren Elorza, Communications Specialist

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

It’s the year 2000. You’re in front of a boxy beige desktop waiting for the screeching ramblings of your dial-up to reach its finale. You go to Yahoo!, MSN, or maybe AOL, and start the mind-numbing process of finding your very specific needle in the digital haystack. And with web pages loading one image at a time, patience isn’t just a virtue – it’s a requirement!

As clumsy as this early iteration seems now, this technology was the great enabler that allowed Forkliftaction to connect to the industry across the globe.  

To everyone who has connected with Forkliftaction in the past 25 years, thank you for your contribution to our success! We feel deeply touched by your words of encouragement.

What has Forkliftaction meant to you? Drop us a line.

PREMIUM business

RAEDER-VOGEL
Innovative high-quality wheels and castors for the forklift industry.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Since July 2000, Forkliftaction News has been your guide to the developments that are shaping your industry.

Starting today we are also looking back on some of the key news stories from our extensive news archive.

In the news email and on the website, you'll see links to stories that were 'leading our news' multiple years ago, with topics spanning world-first products, big acquisitions, and major industry shifts.
We hope you enjoy this unique insight into the materials handling industry!