Camel Group acquires shares in Djizak Battery of Uzbekistan  [ China ]

On June 20, 2016, Camel Group Co., Ltd. and SC Uzavtosanoat of Uzbekistan signed a basic agreement setting the framework under which Camel will acquire over 51% of SC Djizak Battery Plant shares owned by SC Uzavtosanoat. SC Djizak Battery Plant, capitalized at USD 29 million, manufactures storage batteries for automobiles. It produces 604,000 units of storage batteries per year, and generated U...