Battery firm invests for further growth

Global battery manufacturer Alexander Battery Technologies (ABT) is to recruit and heavily invest in its UK and overseas sites as it embarks on an ambitious growth strategy to meet rising worldwide demand. The Peterlee-based company, which designs and manufactures customised rechargeable battery packs, has enjoyed strong growth in the past 12 months with turnover rising to £18m for 2023. Since embarking on a five-year growth plan, ABT has seen revenues rise by around 30% during the last year. Now celebrating its 40th anniversary, the company wants to achieve a £100m annual sales within the next four years.

For further information www.alexandertechnologies.com