top of page

North East battery maker plots significant job creation amid growth plan

A battery maker has set out plans to invest in its North East factory including recruiting more than 250 workers over the next five years.



Alexander Battery Technologies

Alexander Battery Technologies (ABT), which specialises in customised rechargeable batteries for a range of industries from medical devices to robotics, says it has seen recent growth and is targeting £100m annual sales in the next four years. The £18m turnover firm employs around 110 people and manufactures lithium-ion batteries from its Peterlee base.


It now has ambitions to grow its customer base in the EU and UK as half of its existing sales are to the US and 47% going to Europe. Accounts show the firm, which led the Fastest 50 list of growing North East firms in 2021, grew turnover last year from £14m in 2022 as it secured a number of big contracts last year, including in the e-mobility sector for an e-motorbike maker.


Comments


Other Business News

Business Durham

Catch up with the latest regional business news

Add Your News

At Business Durham, we believe that sharing positive news stories about successful businesses in County Durham is important for fostering a supportive and thriving business community. We want to encourage business owners to send us their success stories so that we can share them on our website and celebrate their achievements. We are committed to promoting the county as a great place to do business and providing a platform for businesses to showcase their successes.

Contact us today to share your story!