Metair to sell its troubled Turkish operations, return its focus to auto parts

Energy storage and automotive component manufacturer Metair says it will sell its troubled Mutlu operations in Türkiye to Quexco for R1.95-billion in cash. Mutlu forms part of Metair’s Energy Storage vertical. The business manufactures and trades energy storage products, including lead-acid and lithium-ion batteries for use in mobility applications, as well as in the telecoms, utility, mining, retail and materials-handling sectors.