Athens, December 15, 2015/Independent Balkan News Agency
By Olga Mavrou
Panos Germanos company, which produces and markets Sunlight batteries, announced that the company managed to show net profit after tax for the first time since 2006. In 2015 the turnover of Sunlight reached EUR 130 mln versus EUR 17 mln in 2014. The company is the exclusive supplier of batteries for torpedoes of Atlas, and also supplies with batteries 65 naval submarines in 15 countries –Sunlight exports 98% of its production.
This year the company produced 1,250,000 battery elements versus 600,000 items in 2010.
The needs of Sunlight raw material per year is 28,000 tons of lead -the majority being imported. Now the recycling plant called Sunlight Recycling will collect used batteries and will recycle. Since lead in a used battery can be recovered at a rate of 99% , it is estimated that half of Sunlight’s needs in raw material will be covered by the recycling facility –this will drastically reduce production costs.
Moreover, the company’s executives are planning the entry of Sunlight in the market for lithium batteries, but not through the production process, but rather through assembly sections and marketing.