Shandong province will strive to complete the elimination of backward production capacity by the end of August
China Drying Network News In the first half of this year, Shandong had closed 145 backward production capacity equipment companies, accounting for 80% of the annual task. In some regions, enterprises are also encouraged to upgrade backward production capacity with emphasis on energy conservation, consumption reduction, environmental protection, improvement of equipment, and safety production. Chen Zhujun, deputy director of the office, said that Shandong Province will strive to complete the elimination of backward production capacity for the entire year by the end of August. Wang Zhaochun, deputy inspector of the Economic and Credit Committee of Shandong Province, believes that the slowdown in domestic economic growth this year has made some products with backward production capacity even more vulnerable to market competition, which has also accelerated the pace of enterprises to eliminate backward production capacity. Some regions and enterprises took the opportunity to liberate some of the industry's high-quality resources and free up space for the development of high-end industries.
“The backward production capacity to be eliminated this year in Shandong Province involves 14 industries including ironmaking, steelmaking, coke, ferroalloy, copper smelting, cement, plate glass, papermaking, alcohol, citric acid, tanning, printing and dyeing, chemical fiber, and lead storage batteries. 16 cities (except Qingdao), a total of 182 companies.†Chen Zhujun told reporters that iron, steel, coke, ferroalloy, copper smelting, papermaking, alcohol, citric acid, leather, chemical fiber, etc. are used in 14 industries. The backward production capacity of an industry-related company has completed the shutdown mission.
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