Polarium to Optimize its Global Manufacturing Footprint

Polarium, a leading provider of energy storage solutions, today announced the transition of all manufacturing activities from Mexico to its sites in Stockholm, Vietnam and South Africa. This move will reduce complexity across the supply chain and improve production efficiency. 

This transition of manufacturing activities aligns with Polarium’s actions to optimize Polarium’s global manufacturing footprint. The relocation is expected to improve output efficiency and enable Polarium to offer more competitive pricing without compromising on quality. 

“We are confident that this transition of operations will bring long-term benefits for Polarium and our customers. This move ultimately enables us to offer more competitive pricing and higher quality products to our customers. Our manufacturing sites in Vietnam and South Africa hold the absolute highest standards regarding production efficiency, quality, lead times, and costs. Across the two sites, we have large production capacity and more than enough capacity to cover increased customer demand in the future.”, says Hanne Nikolaisen, EVP Business Operations & Strategy.

“This transition will allow us to future-proof Polarium and ensure we continue to meet the high standards expected by our customers and partners. By embracing this change, we can be more agile and easily adapt to the ever-evolving market we are operating in. Finally, I’d like to express my gratitude to the team in Mexico for their contributions over the years. They have been an essential part of Polarium’s history.” says Stefan Jansson, CEO of Polarium.   

The transition is already ongoing, with final completion expected on June 30, 2024. No further site closures are planned. 

Contact
Polarium Press:
press@polarium.com
+46728867537
www.polarium.com

About Polarium
Polarium is a leading energy storage developer. We make energy storage and optimization solutions built on lithium-ion battery technology for businesses within telecom, commercial, industrial and residential facilities across the world. Polarium was founded in 2015 on the conviction that safe, smart and sustainable energy storage solutions will be key to empower the transition to a truly, sustainable energy future. We are an impact business contributing to the sustainable energy transformation by enabling renewables, electrification and intermittent power supply. Our cutting-edge and easily adaptable modular battery technology enables us to be in the forefront of developing state-of-the-art sustainable energy storage and optimization solutions for today – and tomorrow. Polarium is a fast growing, profitable entrepreneurial company headquartered in Stockholm, with production in Mexico, South Africa and Vietnam, customers across the world from Ghana to Svalbard and ∼500 employees.