BUSINESS

Sunlight invests in battery recycling plant in Thrace

Sunlight, a company owned by Panos Germanos which operates in the design, production and distribution of batteries, announced on Wednesday it is investing 20 million euros in the creation of a new unit for recycling lead batteries at Komotini in Thrace.

The new plant is expected to start operating this summer in the Komotini Industrial Zone and its main activity will be the recycling of used batteries from around the country for the extraction of lead, which constitutes 80 percent of a battery’s raw material. That will then be used for the production of new batteries.

While Sunlight’s annual lead imports amount to 40 million euros, the company now expects to stop importing lead altogether, becoming self-sufficient through the recycling of used cells, thereby increasing its profit margins.

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