China to check overcapacity of flat glass industry

08:33, May 10, 2011      

Email | Print | Subscribe | Comments | Forum 

China will review the country's ongoing flat glass production projects and resolutely close substandard projects in an effort to curb overcapacity in the flat glass sector, the Ministry of Industry and Information Technology (MIIT) said Monday.

New projects should get approval from national authorities, said an online notice from MIIT about controlling overcapacity and guiding the healthy development of the country's flat glass industry.

"Relevant local authorities should pay close attention to the overcapacity issue and adopt effective measures to contain the fast growth of flat glass production," said the notice.

The country will work to weed out 26 million weight cases of backward capacity in the flat glass sector in 2011, it said.

Further, it will raise the ratio of deep processing enterprises to 45 percent through mergers and restructuring while promoting the output of the sector's top 10 companies to take up 75 percent of the total during the country's 12th Five-Year Plan period (2011-2015), it added.

It also urges local governments to drive technical innovation among flat glass producers, strengthen their management over the sector and guide local enterprises to invest rationally.

In 2010, the country built 34 new flat glass production lines, which could produce 130 million weight cases more flat glass, bringing the total production capacity to 890 million weight cases, the notice said.

However, the output of the country's flat glass industry was only 630 million weight cases last year, marking a 70 percent capacity utilization in the sector, it noted.

Presently, the country has around 30 production lines under construction or yet to be constructed, which will release another 100 million weight cases of capacity if put into production, underscoring the sector's overcapacity issue, it said.

Since last May, the country has been pushing forward the progress of phasing out outdated capacities and suspended approvals of energy-intensive and high-polluting construction projects in 12 industries, including flat glass, iron and steel, cement, coke and electrolytic aluminum, according to the MIIT.

Source: Xinhua
 
 
     
 
BRICS Leaders Meeting 2011
 
Japan in aftershocks
 
     
 
 
 
  Weekly review  
 
May 05   Fight against terrorism should strike at roots
 
April 29   'Human rights overriding sovereignty' only a mask of hegemony
May 04   Human rights dialogues need mutual understanding
May 03   Highlights of China's sixth national census results
May 07   The week in pictures
May 03   Expats seeking opportunities in China
May 04   Some Chinese colleges face decreasing enrollment, struggle to survive
May 05   French leader: China's peaceful rise puts world at ease
April 29   Ten most valuable cultural relics displayed at Xi'an exposition park
May 03   US kills Bin Laden, ending 10-year manhunt
 
     
 
 

(Editor:张茜)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Al-Qaeda leader Osama bin Laden dead
  • BRICS Leaders' Meeting 2011
Major headlines
Editor's Pick
  • Parts of Chinese National Library ready for reconstruction
  • Funeral held for victims in Cairo's Coptic church clashes
  • Israel slates 1 bln USD for Iron Dome rocket interceptors
  • Rainy weather hits most parts of China
  • Russians celebrate Victory Day in Vladivostok
  • Historic center of Olinda
Hot Forum Dicussion