Metals News
Shanxi to Restructure Coke Industry
data analysis
10:39AM
Mar 16,2010
Source:SMM

TAIYUAN, Mar. 16 -- The Shanxi provincial government plans to have more small coal mines merge into large-scale companies and reduce the number of coke enterprises to 60 by 2015, sources reported.

The industry's total capacity will be capped at 120 million tons as part of the government's effort to restructure and revitalize the coke industry in the province.

A total of 20 million tons of obsolete coke production capacity will be phased out by the end of 2011, with the number of coke enterprises being reduced to 150.

At the end of 2008, Shanxi had more than 270 coke enterprises with a combined capacity of nearly 160 million tons.

Shanxi's coke output accounted for 40% of the country's total and 18% of the world's total. The province's coke exports accounted for 80% of China's total.

 

 

 

coke
inefficient capacity elimination
M&A merger and acquisition
outdated capacity elimination
For queries, please contact Frank LIU at liuxiaolei@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
Related Price

No Data