The Bulgarian Monbat battery producer, as well as its daughter company, Monbat Recycling SRL, have registered a 22% increase in revenues in the first quarter of 2011.
Monbat's sales revenue for the first 3 months of the year have reached BGN 55.8 M, the company has announced. Most of the company's production goes for export.
Monbat is a company which manufactures lead-acid batteries for various applications. Its product range includes starter batteries, stationary batteries, leisure, solar, marine batteries, special batteries for military applications and locomotive batteries.
Monbat production facilities are located in the Northwestern Bulgarian town of Montana, situated in the EU's poorest region.