Battery firm to invest Sh80m to boost output

Battery manufacturer Chloride Exide Kenya has said it will invest $1.2 million (about Sh80 million) to expand its production capacity to meet projected market growth in the region.

“We shall increase production capacity by over 20 per cent in the next three months to meet growing demand especially for solar batteries,” said the firm’s managing director Guy Jack.

He said the investment in production would also meet demand for solar batteries at the Coast which had grown by 22 per cent over the past four months.

The MD regretted that although world lead prices had gone down, prices for imported batteries were yet to reduce.