How Metair honed its global strategy
The battery maker is shifting focus to China, Russia and India on increased demand for electric vehicles
Metair is shifting its focus from North American battery and automotive components markets in future to big emerging countries — China, Russia and India — after President Donald Trump pulled the US out of global climate accords. Along with uncertainties around Brexit, the UK and France have recently signalled a move to only electric vehicles by 2040, so Metair wants to make sure it is ready for these changes and is backing the right horses. This comes as the company delivered "an excellent" half-year performance to June 2017. "For Metair, it is all about longevity, strategy and technology," MD Theo Loock said on Thursday. The change had been driven by requests for technical assistance and technology transfer in these markets. Profit of R240m was more than double the R116m in the same period in 2016. Group revenue rose slightly to R4bn. Headline earnings per share rocketed 111% after the group’s automotive components business stabilised following costs of a Toyota vehicle model launc...
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