Dive summary:
- Exide Technologies, a battery recycler in Reading, Penn., has announced it will idle operations starting March 31.
- "This decision was based on several factors, including the dramatic swings in the lead market and the high capital investment needed, due to regulatory requirements, to remain operational in Reading," Paul Hirt, president of Exide Americas, said in a statement.
- The company still has three other facilities that it plans to keep open; Exide is also keeping any permits and facilities so if conditions change they can reopen the location.
From the article:
Battery manufacturer Exide Technologies recently announced it will idle its lead recycling operations in Reading, Pa., and lay off 150 workers by March 31.
"Idling" means Exide will maintain the Reading facilities, permits and approvals necessary for recycling activities in case the company wants to reopen it later, according to a news release.
The plant recycles used lead batteries and reuses the material to make new ones. ...