By AKEEM ATOYEBI
There are different kinds of batteries in Nigeria, but in recent years, one battery has distinguished itself as battery of class. Monbat as one of the leading European batteries’ producers has distinguished itself The economic group operates under two main business segments – Lead-Acid batteries and Li-Ion high-power solution
Monbat battery is a leading European battery manufacturer with plant in Bulgaria (Europe) and other parts of the world. Monbat has been in operation since 1959 long before the company was renamed “Monbat”.
The lead-acid business is a vertically integrated business model with operating production and recycling facilities in Bulgaria (Monbat AD and Start AD) and recycling plants in Romania, Serbia and Italy. This structure insulates the group from raw material price volatility and enables it to achieve higher operating margins compared to peers.
The lithium-Ion business
The lithium-Ion business under the brand EAS Batteries, based in Germany, is a new market presence in the high-power battery systems’ solutions, based on safe and proven LFP cell chemistry. This technology can address many niche high power applications and meet the very high requirements for reliability and safety, which many applications demand in areas such as aerospace, defence, marine and public transportation.
Recycled Industrial Materials
Monbat Recycling came about when a business realignment shaped the division into а clearly separate structure. Enabling very efficient vertical integration in the lead-acid business segment, the Recycling has turned into an innovative provider of Lead and Lead Alloys as well as Regranulated Polypropylene. The division has facilities in Bulgaria, Serbia, Romania and Italy with total capacity amounting to 158 000 tonnes of used lead-acid batteries per annum.
With worldwide presence in over 60 countries and more than 20 different applications and industries, Monbat is among the strongest economic groups in the country. It is listed on the Premium Equities Segment of the Bulgarian Stock Exchange
In Nigeria, Wavetra Energy is the authorised distributor of Monbat batteries (Europe)
Wavetra Energy entered into partnership with Monbat Group Nigeria (EBN) to become a distributor of Monbat batteries. During the signing of the agreement, the commercial director of Monbat group and Managing Director of EBN LTD (A subsidiary of Monbat Group), Younis Shan, visited Wavetra Energy LTD office to finalise the partnership model with the Wavetra Energy last year.