Head Office
32 A Cherni vrah blvd., fl. 4 | 1407 Sofia, Bulgaria
tel. +359 2 962 11 50 | fax: +359 2 962 11 46
e-mail: contact@monbat.com
History
The history of Monbat begins in 1959, when the production of lead-acid batteries starts in a state-owned company in Montana, Bulgaria, later privatized in 1998. In 1999, it grew up in the newly founded Monbat Company and has since become the largest battery producer in Eastern Europe with production and recycling plants in five different countries.
Inception and transition into private sector
Establishment of manufacturing plants
Privatization of the Company
1959
Opening of the starter batteries factory in Montana, Bulgaria, under state ownership
1965
Opening of starter batteries factory in Dobrich, Bulgaria, under state ownership
1998
Montana plant privatization
Building a pan-European presence
IPO and Company consolidation
Rapid growth
Product diversification
Capacity expansion program
Implementation of a modernisation program
2000
Opening of Monbat’s first lead-acid batteries recycling facility in Bulgaria
2006
Successful Initial Public Offering of 4,700,000 shares
Monbat AD acquires 67% of Start, Dobrich
2010
Opening of recycling facility in Serbia
2011
Opening of recycling facility in Romania
2012
CAPEX of €3.9m (incl.€1.1m on recycling facilities)
2014
CAPEX of €3.3m (new punching technology)
2015 – 2016
More CAPEX, 85% capacity increase of Start AD (€5.5m), 20% capacity increase of Monbat (€3m)
Group
Expansion
2017
Acquisition of 2 German Li-Ion businesses, Gaia Akkumulatorenwerke and EAS Germany subsequently merged into EAS Batteries GmbH
Acquisition of a new recycling plant in Italy – Piombifera Italiana S.r.l.
2018
Monbat South Africa Proprietary Ltd subsidiary established
2019
Acquisition of STC S.R.L. Italy, as part of growing the high-tech engineering business division
A.R.T. Monbat established, focus on nano technologies applications in the battery business
2022
Acquisition of a control package (60%) of Batteries Nour
Achieving Full
Potential
2023-2027
Continue operational optimizations and market penetration to drive further EBITDA expansion, across markets and product lines