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Chilwee issues profits slump warning over lead 'overcapacity'

Mon, 05/14/2018 - 10:10 -- Xuan Zhong
Chilwee issues profits slump warning over lead 'overcapacity'

One of China’s biggest lead battery manufacturers, the Chilwee Group, has said it expects to see first half-year profits “fall sharply” because of falling prices triggered by “overcapacity” in the domestic lead-acid sector.

Chilwee (also known as Chaowei) said in a Hong Kong Stock Exchange announcement estimated profits would be down in the first half of 2018 compared to the same period a year ago— but the company did not give figures. 

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