Company Launches New Battery Production Factory

Industries International Inc., a rapidly growing manufacturer of telecommunications equipment and lithium batteries, has launched operations at its new battery factory in Shenzhen, China.

The new 15,000 square-foot factory, was initially designed to produce an annual capacity of 8 million lithium-ion cellphone batteries. Lisun Power, a wholly owned subsidiary of Industries International, has significantly increased its original output and this new facility is aimed to cope with the demand from the southern China market.

“Lithium-ion cellphone batteries account for 41% of Lisun Power’s total income, and business is continuing to grow very quickly. The new factory will immediately increase our cell phone battery production capacity by at least 70%,” said Dr. Kit Tsui, chairman and chief executive officer of Industries International.

Tsui continued, “The Zhu Jiang Delta, with Shenzhen and Guangzhou as two of its center points, is one of the hottest economic areas in China. It gathers nearly 80% of China’s raw material suppliers for cellphone batteries. By establishing a branch factory here, we are able to reduce our raw material purchase cost by at least 10-15%. What’s more, a great portion of our cellphone battery clients are actually located in the Shenzhen area. Thus, we will eventually be able to reduce our marketing expenses by an estimated 5%.”