Leoch is to build a new manufacturing plant in Mexico

Leoch plans to build a new manufacturing plant in Mexico to further enhance its market presence in the Americas.

As said by Leoch chairman Dong Li, Mexico has been chosen because of its unique geographical location and “export policy advantages” for the region —  such as the USMCA free trade agreement (formerly NAFTA) between the US, Canada and Mexico. The decision followed careful studies of the market over the past year and the establishment of Leoch Iberia after purchase of Madrid-based distribution business Meibat, in May 2021.

The Mexico announcement came after the astonishing profit growth results of Leoch for the year ended December 31, 2022 amounted to 67 million USD — an increase of nearly 180{efe87aa70d6eeee48042451ccc9885441a923e1b3a030c0ca24d6bbf4c5d0cdc} over the previous year. Overall revenue increased to 1.9 billion from 1.75 billion USD previously resulted from sales of batteries and related items. Revenue from sales of lithium batteries have also played an important role and could become a major growth driver in future.

Combined battery sales in overseas markets were up over the previous year by nearly 26{efe87aa70d6eeee48042451ccc9885441a923e1b3a030c0ca24d6bbf4c5d0cdc} and nearly 2{efe87aa70d6eeee48042451ccc9885441a923e1b3a030c0ca24d6bbf4c5d0cdc} in mainland China. In terms of geographic distribution, the Americas sales increased by the largest, totalling 325 million USD (previously $223 million) — underlining why the group sees a need for a Mexico plant in addition to its facilities in the US.

About LEOCH:

Leoch operates on a global market, with subsidiaries and sales offices in every region.

Leoch mainly produces reserve power batteries, SLI batteries and motive power batteries covering a wide range of critical applications for a broad spectrum of industries, including Telecommunications, UPS Systems, Renewable Energy, IT, Power and Distribution Material Handling and Logistics, Leisure & Mobility, Transportation, etc.

Leoch maintains thirteen (13) regional manufacturing plants located in PRC, Malaysia, Sri Lanka, India and Vietnam currently employing more than 14,000 people. LEOCH factories cover an area of more than 1 mil. sq.m. The 105 production lines and related testing equipment together with three (3) dedicated battery research and development centers constitute a strong and advanced manufacturing, research and development enterprise.

Leoch is the No. 1 lead acid exporter in China for the last 6 years, selling products to over 100 countries in the world while its annual turnover exceeds 1,95bil. US$ and has an annual production capacity of over 24GWH / year.

Media Contact

Elia Mitropoulou
Email: elia.mitropoulou@leoch.com
Tel.: (+30) 210 5760318
LEOCH EUROPE S.A. (EMEA region headquarters)
5, Filikon Str.
121 31 Athens Greece