Redflow to start up Thai battery factory by end 2017
Source: Redflow Ltd (redflow.com)
Australian battery company Redflow Ltd (ASX:RFX) said last week it is in track start initial operation at its factory in Thailand by the end of 2017.
Installation has begun of the battery production equipment at the site, which is located in a free trade zone, 25 km (15.5 miles) from the Laem Chabang deep sea container port.
The Australian company has recently finalised a three-year lease on a building in the free trade zone and last week sent an engineering team to help its manufacturing partner MPTS with the installation and commissioning of the equipment.
Redflow announced in August it will produce its batteries in Thailand after a decision in May to relocate manufacturing from North America to South East Asia, so as to be closer to its most lucrative markets in Australia, Oceania and southern Africa, and to reduce costs.
Redflow makes zinc-bromine flow batteries. It offers batteries, called ZBM2, for commercial, industrial, telecommunications and grid-scale energy storage, as well as ZCell batteries for residential applications.