PRETORIA - Metair, the listed leading international manufacturer, distributor and retailer of energy storage solutions and automotive components, believes it would be able to weather the storm caused by the steep recent devaluation of the Turkish lira.
The group supplies batteries to all major original equipment manufacturers in South Africa, EU, Romania, Turkey and Russia through subsidiaries in Romania (Rombat), Turkey (Mutlu Aku) and South Africa (First National Batteries).
It was also confident the trade war between the US and China would not have a major impact on its businesses.
“There are always dark clouds, but we always search for the silver lining,” said Metair chief executive Theo Loock on Thursday.
Loock said Metair had always managed to find a solution to currency devaluation headwinds during the three and a half years it had been invested in Mutlu Aku.