The American company canceled worth $27 million after
Tadiran Batteries did not live up to all the cornerstones
of the agreement.
The cancellation of a $27 million contract with the US
firm Erikson for the production of lithium batteries for
cellular phones will not lead to closing Tadiran
Batteries' production line. General Manager Tadiran
Batteries Yigal Carmi stated today. Tadiran Batteries'
annual sales turnover is about $40 million.
According to Carmi, the production line will not be
damaged, despite the fact that the contract with Erikson
from November 1993 was the largest upcoming contract.
The new batteries have been developed by Tadiran since
1989 and Erikson was intended to be their first
customer.
Tadiran will supply the batteries to a number of
clients in Israel, Southeast Asia, Europe and the US,
although all these contracts do not reach the volume of
the Erikson order