Nordic Business Report-August 17, 2006-Danionics A/S subsidiary enters into frame agreement to provide batteries from China
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Danish rechargeable batteries manufacturer Danionics A/S said on Thursday (17 August) that its partly-owned subsidiary Danionics Asia Ltd had entered into a frame agreement with a large international company.
Under the agreement Danionics Asia would supply the company with batteries from its factory in Shenzhen, China.
The agreement calls for the supply of some 6 million batteries over 2007, equivalent to 40-50% of the factory's capacity.
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