valve regulated lead acid battery China's Shenzhen Center Power Tech to relocate battery operations

SHANGHAI (Reuters )-
China's leading Shenzhen center Power Technology Co. , Ltd.
Acid battery manufacturers will move production plants to Vietnam and the inland province of Hubei, the latest in a series of companies that have overtaken China with tighter regulation.
Shenzhen Centre electric power Technology announced the decision in a document submitted to the Shenzhen Stock Exchange late on Sunday, citing the company's "environmental requirements" in the territory of the Hong Kong border"
The company said the move would help reduce labor costs.
Tianneng Group, another Chinese battery producer, said on the 3 th that it was considering setting up a factory in south or southeast Asia and said many small businessesand middle-
Due to a 4% consumption tax on lead, China-scale battery companies have moved
Acid Battery in China.
The relocation of battery manufacturers is similar to the scrap copper industry in China, where new restrictions have been imposed on solid waste imports and importers need to prove that these restrictions are final
Users of these materials have prompted scrap companies to set up bases in south or southeast Asia.
(John Ruwitch reports, editor Shirley Jacob-