Thursday, January 17, 2013

China Confirms Capacity Closures

The Chinese government recently publicized its final capacity closure results for 2011 in 19 industries, claiming more than 8.31 million tonnes/yr of old pulp and paper (P&P) capacity was permanently retired that year.
The figure is a little higher than the target of 8.20 million tonnes/yr announced in 2011.
According to the results revealed jointly by the Ministry of Industry and Information Technology (MIIT) and the National Energy Administration (NEA), Henan province met its target of wiping out almost 1.84 million tonnes/yr of outdated capacity.
Hebei province shut down some 1.12 million, slightly higher than its target of 1.10 million tonnes/yr.
And Hunan province also met its goal, closing 990,000 tonnes/yr.
The capacity of outdated P&P equipment retired in the three provinces totaled 3.95 million tonnes/yr, 47.53% of the final results.
The two government organizations stressed that 13 PMs targeted for closure in 2011 with a combined 53,100 tonne/yr capacity at four mills in Guangdong provinces have not been dismantled, although production on them has been halted.