Metair Investments Limited (JSE:MTA)
Metair (JSE:MTA) operates two distinct business verticals: its traditional Automotive Components Vertical and, for the last decade, an Energy Storage Vertical. The company holds investments in and manages 11 South African and six international operations that manufacture, assemble, distribute and retail energy storage solutions and automotive components in Africa, Europe, the Middle East, Turkey and Russia.
The Automotive Components Vertical comprises companies that produce original equipment (OE) components used in the assembly of new vehicles by OEMs in South Africa, as well as spare parts and other products used in the South African automotive aftermarket. These include brake pads, shock absorbers, lights, radiators and airconditioners. The group also produces generic aftermarket products for use in imported vehicles.
The Energy Storage Vertical manufactures batteries for use in mobility applications and in the telecoms, utility, mining, retail and materials/products handling sectors. Automotive batteries are supplied to major automotive original equipment manufacturers (OEMs) in South Africa, Europe, Romania, Kenya, Turkey and Russia through subsidiaries in Romania (Rombat), Turkey (Mutlu Akü), United Kingdom (Dynamic Battery) and South Africa (First National Battery), and through associates, MOLL, in Germany and ABM in Kenya.
Batteries are also sold into the automotive aftermarket through the group's unique aftermarket distribution channels and franchised retail networks. Most of the group's batteries are lead-acid based technology, but the group has been producing lithium-ion cap lamps since 2013 and lithium-ion automotive starter batteries in Turkey since 2017. Prime Batteries in Romania acts as an incubator and research and development centre for lithium-ion battery development and, together with Rombat, successfully completed the installation of the group’s first lithium-ion battery cell manufacturing and assembly facility in Bucharest at the end of 2019.
Aftermarket products are exported to approximately 46 destinations across Africa, Europe, the Middle East, Turkey and Russia. Non-automotive products are mainly sold into sub-Saharan Africa and Turkey.