Daramic announces another $50 million to expand in Asia
Daramic, the lead-acid polyethylene battery separator manufacturer, has announced it will spend more than $50 million over the next three years to expand its production capacity in Asia.
The expansions will take place at Daramic’s facilities in Tianjin, China, Prachinburi, Thailand, and at its most recent plant in Gujarat, India, which opened in April.
Making the announcement in the opening address of the 17th ABC in Kuala Lumpur in September, Daramic president Bryan Moorehead, who co-chaired the ABC’s organizing committee, said the investment brought the company’s total spending in Asia to more than $200 million since the company began operating in the continent in 2000 with its manufacturing plant in Prachinburi.
“With these expansions, it will also provide a more balanced capacity for Daramic to support our customers across all regions in the world,” said Moorehead.
Moorehead said innovation in the industry would be the key driver for the next five to 10 years, and that Asia provided a growth opportunity for the industry as a whole.
Daramic is an Asahi Kasei company and claims to be the world-leading manufacturer of high-performance polyethylene battery separators for lead-acid batteries in automotive, industrial and speciality applications.