China to ban new project expansions in steel, cement, flat glass

Industry News 01:59:08PM Jan 16, 2019 Source:SMM

SHANGHAI, Jan 16 (SMM) – To consolidate cuts of overcapacity and to upgrade industries, China will ban any expansion of new projects across the steel, cement, and flat glass sectors in 2019, said Xin Guobin, vice-minister of Industry and Information Technology, at a press conference on Wednesday January 16. 

Newly-built aluminium capacity will also face strict controls in 2019. Technological transformations and equipment upgrades in manufacturing will be prioritised, said Mr Xin. 

China to ban new project expansions in steel, cement, flat glass

Industry News 01:59:08PM Jan 16, 2019 Source:SMM

SHANGHAI, Jan 16 (SMM) – To consolidate cuts of overcapacity and to upgrade industries, China will ban any expansion of new projects across the steel, cement, and flat glass sectors in 2019, said Xin Guobin, vice-minister of Industry and Information Technology, at a press conference on Wednesday January 16. 

Newly-built aluminium capacity will also face strict controls in 2019. Technological transformations and equipment upgrades in manufacturing will be prioritised, said Mr Xin.