Australian battery company Redflow Limited will start manufacturing battery components at its new factory in Thailand next month, the company Chairman Brett Johnson told today’s 2017 Annual General Meeting in Brisbane.
“We are expecting to commence the initial manufacture of components for our electrode stacks during December and are on-track to have manufactured our first complete electrode stack by the end of January 2018,” Mr Johnson told shareholders at the AGM.
“These new stacks will be shipped to Brisbane where they will be installed on approximately 200 tank sets (without stacks) which were manufactured by Flex. These complete batteries will be tested and supplied to customers to meet existing and new orders.
“While our initial focus will be on the manufacture of stacks for these existing Flex tank sets, we will progressively validate high quality components and sub-assemblies until ultimately producing complete, fully tested batteries in our Thai factory. This milestone is planned for June 2018. We will then be able to ramp-up production in Thailand in line with customer demand. Once fully operational and orders warrant it, the manufacturing line should be able to manufacture up to 250 complete batteries a month.
“Should demand increase beyond that volume, the capital cost involved to establish a second manufacturing line is not problematic.”
Yvonne Nicolas, the ‘Queen of Adelaide’, has returned home to Adelaide where this week she will launch a 400-page memoir that tracks her life’s journey including.
Yvonne's stories in the book take you through her life as a businesswoman, a social influencer before the days of social media, a grieving daughter and sister, brushes with fame and spirituality.
Australian battery company Redflow Limited aims to produce as many as 3000 batteries a year from its new Thai factory, which it is currently fitting out, reports Redflow Chairman Brett Johnson.
In a letter to shareholders, Mr Johnson said that once the Thai facility was fully operational, it would have the capacity to manufacture as many as 250 batteries a month. “I am confident that once our new factory is producing quality batteries, Redflow will be able to demonstrate that it has a unique and viable product with real benefits for many energy storage applications,” he said.
“Our initial sales focus will be on market sectors with established battery demand where our technology has a clear competitive advantage over conventional batteries, notably lead-acid. These markets include telecommunications and network power and applications where there is either no or limited grid power available.”
ASX-listed Redflow announced last month that it has started installing battery production equipment at its new factory in Thailand, putting it on track to commence initial operation by the end of this year. Through its Thai subsidiary, Redflow has signed a three-year lease on the 1500-square-metre building at the Hemaraj Chonburi Industrial Estate, part of the IEAT free trade zone, 110km southeast of Bangkok and 25km from the Laem Chabang deep sea container port.