Wednesday, July 31, 2013

China to Close More Than 6.21 Million MT P&P Capacity in 2013

China has released capacity closure details for 19 industries including the pulp and paper (P&P) sector for 2013.
According to a list publicized last week by the Ministry of Industry and Information Technology (MIIT), more than 6.21 million tonnes/yr of old P&P capacity is scheduled to be wiped out by the end of this year, greatly surpassing the goal of 4.55 million tonnes/yr put forward earlier this year.
All the listed machines, which are run by 274 P&P firms in 21 provinces, have to stop production by the end of September, and be dismantled by the end of December.