Camel Group (IFC-41128)

  • China
Where the impacts of the investment may be experienced.
Specific Location
Anhui Province, Jiangxi Province, and Xinjiang Uygur Autonomous Region
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 31, 2019
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Industry and Trade
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 81.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 81.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 81.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Corporate Actor Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Jan 10, 2020

Disclosed by Bank Jan 30, 2019

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Project Description

According to the project document, the Camel Group Co., Ltd. (“Camel Group”) is a publicly listed company that engages in the production, distribution, and recycling of auto starter batteries. The proposed IFC investment will support Camel Group’s capacity expansion for its lead-acid battery recycling operation in frontier regions of China (the “Project”).

People Affected By This Project

Environment: The Project will increase the volume of recycled lead and neutralization for discharge in an environmentally safe way i.e. reduce soil and water contamination. This Project will make sure additional lead are processed and neutralized before discharge to the environment.

Economy-wide effects: The Project will help to create circular economy by establishing the recycling and reusing waste in the value chain since scrap plastic and secondary lead alloys can be used for new battery production and other lead products. The circular, more integrated design of lead acid battery manufacturing and recycling offers a more cost-effective way to produce batteries and create and help to formalize employment in the recycling value chain.

Employees: The upgrading of the two existing facilities will make sure the employees therein benefit from more modern, safer equipment, and strengthened workplace control against excessive lead/acid exposure therefore reduce the occupational safety/health risks.

Sustainability: The Project is expected to foster adoption of higher E&S standards driven by better technology and processes across the different players in the value chain in China and thus promote Sustainability principles in the market through its demonstration effects.

Integration: The project will demonstrate that it is a natural fit for battery manufacturers like Camel which requires large quantity of lead and has easy access to used batteries to integrate recycling business into their value chain. The project will also contribute to expand China's economic complexity through increased process and supply chain complexities.

Investment Description
  • International Finance Corporation (IFC)

The total Project cost is estimated to be approximately US$116 million. IFC’s proposed investment is a senior, secured A loan of up to US$36 million and an MCPP loan of up to US$45 million.    

Private Actors

Mr. Liu Guoben is the controlling shareholder and Chairman of the Board of Camel Group (the “Sponsor”). He owns 48% of Camel Group.

Mr. Liu Changlai, the CEO, and Miss. Tan Weiping, a relative of the Chairman, own 3.4% and 1.3% of Camel Group respectively.

The three of them are shareholders acting in concert. Other senior managers collectively own 4.3% of Camel Group and the remaining shares are a public float.

Contact Information

1/ Project Contact

Camel Group Co., Ltd 
Contact: Ye Xiaolong. 
Position: Manager 
Phone number: +86-0710-3269011 
No. 65 Hanjiang North Road, Xiangyang City

Hubei Province, People’s Republic of China 

2/ IFC Contact

General IFC Inquiries
IFC Communications
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384

3/ Local Access for Project Documentation

No. 65 Hanjiang North Road, Xiangyang City, Hubei Province, People’s Republic of China         


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