New Zealand transformer manufacturer acquires Indonesian equivalent
New Zealand, Hawke’s Bay: Etel Limited, New Zealand distribution transformer manufacturing business owned by Unison Group, has invested in an Indonesian transformer equivalent, purchasing a 90 per cent shareholding in Lucky Light Globalindo, which supplies the Indonesian market.
While a lot smaller, the Indonesian transformer plant is also seen as a hub for Unison’s ambitions into other ASEAN countries, reports New Zealand Herald.
“The lifespan of their transformers is about 10 years and ours is 40 to 50 years, so we can implement technology that can increase the life of the assets from 10 years to 40 years,” Unison chairman Kevin Atkinson said.
“The Indonesia government has indicated an investment of $15 billion in distribution networks over the next five years. That is what we are interested in. The distribution transformer requirement for 2015 was 2865 units, the requirement for 2016 was 31,720 and in 2026 they are estimating they will require 60,000 transformers per year,” Mr. Atkinson added.
Source: Hawke’s Bay Today