EnerSys Announces Grand Opening of New Production Facility in China

Published on Wednesday, 07 December 2011 20:08 Written by TradersHuddle Staff

READING, Pa., Dec. 7, 2011 /PRNewswire/ -- EnerSys (NYSE: ENS), the world's largest manufacturer, marketer and distributor of industrial batteries, announced today the grand opening of its new battery manufacturing facility in Shuangqiao District, Chongqing, The Peoples Republic of China. In addition to the Company's two existing Chinese production facilities the new plant will provide capacity to meet increasing customer demand in the telecommunication, nuclear power utility and uninterruptible power supply industries as well as motive power customers.  The new plant located near the geographic center of China is approximately 400,000 square feet and will eventually employ over 1,100 people.

At the grand opening ceremony John D. Craig, chairman, president and chief executive officer of EnerSys stated, "Demand for our products both in China and throughout the Asian markets remains strong.  This new facility will serve both existing as well as new customers in the region. It is a state of the art facility, which is one of our four largest of our thirty one production facilities globally and is anticipated to generate $150 million in revenue annually when fully operational."

EDITOR'S NOTE: EnerSys, the world leader in stored energy solutions for industrial applications, manufactures and distributes reserve power and motive power batteries, chargers, power equipment, and battery accessories.  Motive power batteries are utilized in electric fork trucks and other commercial electric powered vehicles. Reserve power batteries are used in the telecommunications and utility industries, uninterruptible power supplies, and numerous applications requiring standby power. The Company also provides aftermarket and customer support services to its customers from over 100 countries through its sales and manufacturing locations around the world.

More information regarding EnerSys can be found at www.enersys.com.

Caution Concerning Forward-Looking Statements

This press release and oral statements made regarding the subjects of this release, contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, or the Reform Act, which may include, but are not limited to, statements regarding EnerSys' revenue estimates, plans, objectives, expectations and intentions and other statements contained in this press release that are not historical facts, including statements identified by words such as "believe," "plan," "seek," "expect," "intend," "estimate," "anticipate," "will," and similar expressions. All statements addressing operating performance, events, or developments that EnerSys expects or anticipates will occur in the future, including statements relating to sales growth, earnings or earnings per share growth, and market share, as well as statements expressing optimism or pessimism about future operating results, are forward-looking statements within the meaning of the Reform Act.  The forward-looking statements are based on management's current views and assumptions regarding future events and operating performance, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies and changes in circumstances, many of which are beyond EnerSys' control.  The statements in this press release are made as of the date of this press release, even if subsequently made available by EnerSys on its website or otherwise.  EnerSys does not undertake any obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release. 

Although EnerSys does not make forward-looking statements unless it believes it has a reasonable basis for doing so, EnerSys cannot guarantee their accuracy.  The foregoing factors, among others, could cause actual results to differ materially from those described in these forward-looking statements.  For a list of other factors which could affect EnerSys' results, including earnings estimates, see EnerSys' filings with the Securities and Exchange Commission, including "Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations," including "Forward-Looking Statements," set forth in EnerSys' Quarterly Report on Form 10-Q for the fiscal quarter ended October 2, 2011.  No undue reliance should be placed on any forward-looking statements.

SOURCE EnerSys