Eveready Plans Joint Venture in China

Eveready Industries India Ltd. is looking for a joint venture partner for manufacturing batteries in China and has been in talks with a few companies.

Deepak Khaitan, EIIL’s executive vice-chairman and managing director, found during three visits to China that the ability exists to make quality products there.

“We are looking very seriously at China and have already looked at two to three plants,” he said. “It will be a joint venture with a private party which already has a facility in China’s battery manufacturing area. We will have a minority stake in the proposed venture. I presume that cost of equipment and other infrastructure will be $15 million if we have to set up a plant of that capacity in India.”