Wednesday, September 4, 2013

China's 2013 Goal: Shut 7.4 Million Tonnes P&P Capacity

http://www.infobolsa.es/news/document?key=201309040909517107&source=EXPERTOS&date=20130904
As reported by RISI, China has released a second list for its old pulp and paper (P&P) capacity closure campaign for 2013, raising its goal to 7.42 million tonnes/yr.
The list, publicized earlier this week by China's Ministry of Industry and Information Technology, includes 67 firms from 14 provinces and targets almost 1.21 million tonnes/yr of outdated P&P equipment.
All the machines on the list are required to stop production by the end of this month, and will have to be dismantled by the end of this year.
It is supplementary to a list released in July aiming to wipe out a combined capacity of 6.21 million tonnes/yr around the country.
The goal for this year now totals almost 7.42 million tonnes/yr.
Guizhou province and Ningxia autonomous region, which did not appear on the first list, will retire about 107,400 tonnes/yr and 26,200 tonnes/yr respectively under the auspices of the second one.
The provinces of Hebei, Hunan and Shandong are required to phase out 106,000 tonnes/yr, 58,000 tonnes/yr and 100,000 tonnes/yr under the new list.
The combined closure goals for the three provinces this year will be 1.04 million tonnes/yr for Hebei, 981,000 tonnes/yr for Hunan and 832,900 tonnes/yr for Shandong.
The total capacity to be closed in the three provinces, 2.85 million tonnes/yr, is 38% of the total target of 7.42 million tonnes/yr for the whole country.
The annual capacity closure campaign has been carried out in the country for several years to optimize industrial structures and realize cleaner production.
In 2011, a total of 8.31 million tonnes/yr of outdated P&P capacity was closed.
The closure target for 2012, not yet confirmed, was 9.95 million tonnes/yr.