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USA: Battery Maker Couldn’t Make a Profit

International Battery announces that it could not make a profit, and had to close its Upper Macungie plant, putting about 60 workers out of work.

International Battery announces that it could not make a profit, and had to close its Upper Macungie plant, putting about 60 workers out of work.

By Jerry Brahm
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Last week, International Battery, on Snowdrift Road, closed its doors after giving employees one-day’s notice.

Yesterday, the company issued a statement through its California public relations firm.

“While International Battery has a unique product and green manufacturing process, it has not been able to reach profitability,” the statement says.”‘Unfortunately, given the challenging market, it was unable to raise additional capital to fund its operations.”

International Battery produces rechargeable lithium batteries with an environmentally friendly process, according to its web site. Its “water-based manufacturing process eliminates millions of gallons of NMP (a toxic solvent), while reducing operating and capital costs.”

But apparently the market for batteries is “extraordinarily challenging” and the company said it would now sell its equipment and technology to pay off creditors.

About 60 workers had been employed at the factory. It moved to 6845 Snowdrift Rd. in Upper Macungie from a New Jersey site in 2008, lured here by about $4 million in tax incentives and grants from the state.
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