Exide Industries Posts Mixed Q4 Results But Hopes Strong

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1916- Chloride Electric Storage Co. (CESCO) UK sets up trading operations in India as an import house. 1946- First factory set up in Shamnagar, West Bengal. 1947- Incorporated as Associated Battery Makers (Eastern) Limited on 31 January 1947 under the Companies Act. 1947- Incorporated Chloride International Limited (previously Exide Products Limited) 1969- Second factory at Chinchwad, Pune 1972- The name of the Company was changed to Chloride India Limited 1976- R&D Centre established at Calcutta 1981- Third factory at Haldia, West Bengal 1988- The name of the Company was changed to Chloride Industries Limited 1994- Technical collaboration with Shin Kobe Electric Machinery Co. Ltd. of Japan, a subsidiary of the Hitachi Group. 1995- Chloride Industries Limited renamed Exide Industries Limited1997- Fourth factory at Hosur, Tamil Nadu 1998- Acquisition of industrial/ manufacturing units of Standard Batteries Ltd located at Taloja & Kanjurmarg (Maharashtra), Guindy (Tamil Nadu) and plant at Ahmednagar (Maharashtra) from Cosepa Fiscal Industries Limited as a going concern. 1999- Acquired 51% Shareholding in Caldyne Automatics Ltd 2000- Acquisition of 100% stake in Chloride Batteries S E Asia Pte Ltd. , Singapore and 49% stake in Associated Battery Manufacturers (Ceylon) Limited, Sri Lanka. 2003- Commissioned plant at Bawal, Haryana 2003- New joint venture in UK, ESPEX, with 51% holding. 2004- Associated Battery Manufacturers (Ceylon) Limited, Sri Lanka became a subsidiary consequent to acquiring further 12. 50% Equity holding. 2005- Investment in 50% shareholding of ING Vysya Life Insurance Company Limited 2007- Caldyne Automatics Ltd becomes 100% subsidiary consequent to acquiring the balance 49% shareholding. 2007- Investment with 26% shareholding. in CEIL Motive Power Pty Ltd. A Joint Venture in Australia. 2007- Acquired 100% stake in Tandon Metals Ltd. 2008- Acquired 51% stake in Lead Age Alloys India Ltd. 2009- Divestment of shareholding in CEIL Motive Power Pty Ltd. 2012- Acquisition of Inverter manufacturing facility at Roorkee, Uttarakhand 2012- Technical Collaboration with East Penn Manufacturing Co. , USA 2012- Acquisition of second Inverter manufacturing facility at Haridwar, Uttarakhand. 2012- Acquisition of balance 49% shares in ESPEX Batteries Limited, UK. 2013- Acquisition of 26% shares of ING Vysya Life Insurance Company adding a total of 100% stake leading to "Exide Life Insurance Company".

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Exide Industries posts mixed Q4 results, but hopes strong ...
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