Tia Sang Batteries Company (TIBACO), a member of VINACHEM, is one of 35 the best enterprises worldwide which has been rated by the Magazine 'Club of international enterprises' (Madrid-based magazine, Spain) and will be rewarded 'New Millennium Award for top International Products and Services'.
Promoting investment efficiency, since the beginning of the year, TIBACO has raised its storage battery volume higher than the plan. Basing on figures, by April 20th 2007, the Company produced a good deal of storage battery, finishing 1/3 of the annual plan and up 48% against the same time of last year. Consumed volume since the early of 2007 reached 73,000 kWh storage battery, two times higher than the same time of 2006.
Lead prices, at a record, may not fall as much as expected this quarter becaof supply constraints, the Commonwealth Bank of Australia said. The metal, used in car batteries, may yesterday. That's 25 percent higher than their previous forecast.
TIBACO is a joint stock company of VINACHEM. After its equitisation in 2005, the Company invested more specialised equipments for the improvement of the quality of domestic and export storage batteries. Last year, it exported a good deal of the storage batteries of different kinds, benefiting about $500,000. Since the early of 2006, its export contracts with Sweden, South Korea and Cambodia are worth $ 1 million, two times higher than 2005.
We are very glad to let you know that our Committee for the 112 countries. This trophy has been created as a recognition and promotion of the quality philosophy, allowing the enterprise to achieve the excellence.
Many experts in the field remark that storage battery production is having a great deal of good market chances now but facing the significant increase of input prices, especially lead price. According to Mr. Hoa Quang Nam, TIBACO`s Director, lead price is often standing at 3,100-3,200 USD/ton, up 70-80% against one year ago.
We are very glad to let you know that our Committee for the the TRADE LEADERS’ CLUB to distinguish a firm of every industrial branch whose products and services have deserved universal acclaim along the course of the year, has chosen TIA SANG BATTERY COMPANY-TIBACO to receive this year award.