Dive summary:
- Exide Technologies, a Georgia based battery manufacturer and recycler is planning to stop production by March, 2013, an issue that has been met with some pushback form non-government-organization, SLAB (Spent Lead Acid Batteries) Watchdog.
- SLAB Watchdog has said they are worried with the closure, more batteries will be sent to Mexico where regulations are much looser.
- Earlier this year, Exide closed another of its plants which created similar push back from environmental watchdogs such as SLAB.
From the article:
Milton, Georgia based battery manufacturer, Exide Technologies (NASDAQ: XIDE) is to idle its lead recycling operations at its Reading, Pennsylvania facility by March 2013.
"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," explained Paul Hirt, president, Exide Americas.
The company said that it will continue to operate its plastics recycling business at the Reading facility. Exide will maintain the Reading facilities and the permits. ...
