Wednesday, April 17, 2013

China to Close 4.55 Million mt P&P Capacity in 2013

China has announced it will close a total of 4.55 million tonnes/yr of old pulp and paper capacity in 2013.
The Ministry of Industry and Information Technology (MIIT) unveiled the annual outdated capacity shutdown targets for 19 industries, including pulp and paper, last week.
A detailed list of closures is to be released later this year.
The goal for 2013 has sharply decreased from last year's target of 9.95 million tonnes/yr.
The final results of the 2012 campaign are being checked by the central government.
Earlier this year, the ministry calculated that more than 8.31 million tonnes/yr of small and outdated pulp and paper equipment was decommissioned in 2011.