Motive battery manufacturer Leoch records sharp sales jump

News Story
- 26 Sep 2024 ( #1198 ) - Singapore
1 min read
Motive power battery maker records sharp jump in sales
Motive power battery maker records sharp jump in sales

Singaporean battery and energy storage solutions provider Leoch Battery has recorded a 10.5% increase in its motive power business for the six months to 30 June 2024, according to the company’s Interim Report.

Leoch’s motive power battery business accounted for 9.1% of the group’s total sales for the six months to 30 June 2024 with sales amounting to USD97.4 million.

Leoch Battery’s total sales for the period were USD444.6 million, a y-o-y jump of 9.9%.

“In industrial settings, our motive power batteries (including both our lead-acid and lithium types), are widely used in forklifts, material handling equipment and other heavy machineries, due to their durability and cost-effectiveness,” Leoch says in its report. 

“The group’s growth in this segment has accelerated, particularly as industries continue to automate and expand their operations. The versatility of lead-acid and lithium batteries in powering a range of industrial equipment ensures a sustained demand from the market.”

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Check out our new website and get in touch with us today! 

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You might want to check out our service portal as well – it backs you up 24/7!

Industrial processes in paper and waste processing involves strapped bale handling and de-wiring. Durwen provides the smart solution for the industry, with its fully Durwen designed and made de-wiring bale clamp. Expensive factory part equipment was needed yesterday - use the smart solution from Durwen in future!

Check out our new website and get in touch with us today! 

Product and service backup MADE IN GERMANY!
You might want to check out our service portal as well – it backs you up 24/7!

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:

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