Banner secures supply deal extension

Banner secures supply deal extension

Banner secures supply deal extension 1000 600 Batteries International

February 24, 2022: Austria-based Banner Batterien has secured a contract extension worth €50 million ($56 million) to supply lead batteries to a major German car manufacturer, the company confirmed on February 22.

Banner’s head of marketing, Thomas Hauzeneder, told Batteries International the contract included a mix of AGM and EFB batteries, although the name of what is “one of our most important automotive customers” was not being disclosed.

The deal increases the existing volume of deliveries to the car manufacturer by around 40%, Banner said.

Commercial CEO Andreas Bawart said: “We are proud of the fact that despite difficult conditions, which include enormous increases in the cost of raw materials and energy prices, we are still able to maintain an excellent sales trend.

“In particular, this new order also secures the growth forecasts that we have established as our targets and demonstrates that leading car manufacturers continue to trust in proven and, above all, sustainable Banner Group quality.”

Photos: Banner’s Leonding product site and (inset) Thomas Hauzeneder.