KUALA LUMPUR, Jan 3 (Bernama) -- Matthews International Corp, a global provider of industrial technologies and renewable energy equipment, has received over US$200 million (US$1=RM4.396) in total orders for its energy storage solutions business during the first quarter (Q1) of the financial year 2023 (FY2023).
In a statement, Matthews International said the order intake is more than twice the fiscal year 2022 revenues, solidifying its position as a leader in the growing electric vehicle (EV) energy storage solutions industry.
The company received orders from multiple manufacturers of EV, battery and hydrogen fuel cell components to provide equipment and services to the fast-growing business.
“Over the past two fiscal years, our energy storage solutions business has tripled.
“With these orders, we are potentially on track this fiscal year for another year of significant growth,” said president and chief executive officer Joseph Bartolacci.
The US-based Matthews International has approximately 12,000 employees in more than 26 countries on six continents.
-- BERNAMA
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