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Shaanxi to Cut Down on Overcapacity

  • Monday, August 10, 2015
  • Source:ferro-alloys.com

  • Keywords:coal,oil,overcapability
[Fellow]The Shaanxi provincial government has called for companies to reduce overcapacity by the endof this year.

[Ferro-alloys.com]The Shaanxi provincial government has called for companies to reduce overcapacity by the endof this year.

The Industry and Information Technology Department said on Friday that cement production willbe reduced by 900,000 tons and electrolytic aluminum production by 40,000 tons.

Shaanxione of China's major energy producing provincesrelies heavily on oilchemical andcoal production.

"In the past three yearsoil and coal prices have fallen by more than 50 percentwhich hasdragged down Shaanxi's economic growth figures," Lan Jianwenspokesperson at the Industryand Information Technology Departmentsaid. "Low energy product prices will continue for a longperiod of timewhich we have to adjust to."

Meanwhilehe said the overcapacity problem in industries such as miningcoalchemical andconstruction equipment manufacturing are extremely seriousThe government is making effortsto reform these sectors

  • [Editor:Yueleilei]

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