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China's Leading Pollution Maker Invites Bids for Regrouping
The Shenyang Smeltery, which announced bankruptcy early this month for causing heavy industrial pollution, made an open invitation for bids today for the regrouping of public assets to get cash for its laid-off workers.
Tang Jiyue, an official in charge of the bankruptcy settlement, said they will persist in a multi-lateral investment policy and regroup public assets in a flexible way.
"We will sell the copper and lead workshops, which were heavy pollution makers, and regroup workshops which attained the state required standard on pollution control after treatment," he said. "The new enterprise will build the modern enterprise system and prevent it from causing pollution again."
Shenyang Smeltery, founded in Shenyang, capital of northeast China's Liaoning Province, in 1936, used to be a giant non-ferrous metal smelting firm with 13,000 workers. It had more than 50 products including copper, lead, zinc, gold, silver and semi-conductors.
According to the local environmental protection department, the factory discharged into the air 74,000 tons of sulfur, dioxide and 66.8 tons of heavy metal each year, polluting 50 square kilometers of the city, making up one-fourth of the total area in Shenyang.
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