Globe in Yugoslavia
Globe-Union makes deal with Yugoslavian battery manufacturer
July 27, 1972 (PD: 201607)
The article explained that Globe-Union had agreed to license Trepca, a Yugoslavian battery manufacturer, to use company-developed technology in production processes. The 10-year, $4 million agreement also provided for the sale of various items of Globe-patented battery manufacturing equipment to Trepca.
In conjunction with the announcement, Globe-Union president C. O. Wanvig, Jr., stated that “Globe’s leadership in battery design and production made it a logical source of assistance for the eastern European firm.” He added that the “licensing agreement also gives Globe-Union an important toehold in that expanding market area.”