- BCF spinning equipment
- Polypropylene high strength FDY spinning equipment
- Polypropylene strong FDY spinning equipment
- Polypropylene machine
- Small testing machine
- Polypropylene staple fiber front spinning equipment
- Polypropylene POY spinning equipment
- Polyester POY spinning equipment
- Hair device
- other devices
- Tel:0086-0794-8585168 / 8251989
- Cel:0086-18907949666 / 13970428918
- Add:Huoju 6 Road, High-tech Zone, Fuzhou City, Jiangxi Province
Reporter recently learned that the current steel industry has basically completed the task of eliminating production capacity this year, coal in the end of July to complete the annual target of 85%, some provinces have overcommitted tasks this year, coal to capacity is expected to close ahead of schedule.
It is noteworthy that, compared with last year, this year to focus on capacity production capacity replacement index trading and mergers and acquisitions, the recent attempts to do more. However, the actual progress of capacity reduction and replacement is slow, and there are many challenges in mergers and acquisitions. Insiders suggested that the relevant ministries to strengthen policy coordination, pay close attention to improving coal mines on the basis of replacement, mergers and acquisitions of the relevant policies, while the debt-to-equity and mergers and acquisitions in order to achieve maximum effect, the expected follow-up is expected to speed up the move.
According to the government work report, this year will reduce the iron and steel production capacity of about 50 million tons, to withdraw more than 150 million tons of coal production capacity. According to Li Xinchuang, president of the Institute of Metallurgical Industry Planning, the task of phase-out of steel production has been basically completed. According to the statistics of the NDRC and the Ministry of Industry and Information Technology, a total of 120 million tons of "strip steel" production capacity has been eliminated in the past two years, Within the statistical range, there are at least 50-60 million tons of steel production each year.
National Bureau of Statistics data show that as of the end of July, coal production capacity of 128 million tons, 85% of the annual target to complete. From the recent feedback around the situation, a number of provinces to capacity more smoothly. For example, Shanxi Province, a coal-rich province, plans to close 18 coal mines in 2017 and withdraw its production capacity of 17.4 million tons. All coal-mines have been suspended and stopped production in May and are now withdrawn from the miners' policy. Inner Mongolia, Liaoning, Jiangsu, Fujian, Henan, Guangxi, Chongqing and Jiangxi have over-fulfilled their annual goals and tasks. A coal industry analyst told reporters that he learned from the survey that in the past to restrict the release of coal production capacity mainly in the local government, most local governments so far have been very productive in terms of productivity, active restrictions on the coal mine started to greatly enhance This round of capacity to go to the effect.
"Economic Information Daily" reporter learned that this year in order to protect the supply, while changing the situation only out of reach, reduction and replacement policy to accelerate. The Circular on Further Expediting the Replacement of Production Capacity of Coal Mines promulgated in April encouraged the provinces and municipalities to implement capacity replacement. At the same time, local governments were encouraged to set up trading platforms for coal production capacity replacement indices, release information on capacity trading indicators and create favorable conditions for capacity replacement .
After the replacement of production capacity indicators in different provinces and municipalities became more cost-effective, the relevant market-oriented transactions should be speed up. On June 17, after more than 300 rounds of bidding from nine coal mines in Shanxi, Shaanxi and Inner Mongolia, the coal displacement index of 9.32 million tons in Hebei Province was successfully completed at the provincial public resource trading center at an average price of 1.8110 million yuan per thousand tons transaction. August 24, Sichuan first listed more than 12 million tons of indicators of all transactions, the amount of 184,385,960 yuan. On September 24, Gansu Province Coal Production Replacement Index Trading Network Auction will officially begin in Hebei Province Public Resource Exchange Center. In addition, a number of provinces such as Fujian, Jiangxi and Ningxia have also introduced specific implementation measures for capacity replacement such as coal and steel production and set up related platforms.
However, there are still some problems in the process of advancing. "Economic Information Daily" reporter learned in an interview, Shanxi, a large-scale coal enterprises plan to shut down seven backward production capacity, resource depletion mines, replacement of an annual output of 10 million tons of advanced production mines. At the end of last year, this reduction and replacement plan was approved by the National Development and Reform Commission, and the coal mine also has the production conditions. However, in accordance with the provisions of relevant departments in 2016, within three years, the deadline for approval of coal mining areas should be discontinued. After communication, it is estimated that by 2019 the mining rights formalities can be handled.
Insiders admit that this is not a case, the relevant ministries and commissions proposed to strengthen policy coordination, pay close attention to improving the reduction and reorganization of coal mines on the relevant policies. Recently, the "NDRC's Notice on Doing a Good Job in the Protection of Coal, Gas, Oil and Gas Transportation" clearly demanded that the relevant departments strictly implement the requirements of increasing, decreasing, reducing and replacing, expedite the handling of relevant formalities and promote the construction projects to be invested and built in accordance with laws and regulations. Subsequent production capacity replacement rate is expected to accelerate.
This year to another major acceleration of production capacity is the focus of mergers and acquisitions. A survey conducted by the China Coal Industry Association in 2015 shows that the mergers and restructuring of state-owned enterprises need to withdraw 500 coal mines and involve a production capacity of about 150 million tons. In early September this year, the State Council issued the Opinions on Supporting Shanxi's Further Deepening Reform and Promoting the Development of a Resource-based Economy and proposed that "efforts should be made to increase the structural adjustment of the state-owned economy and increase industrial concentration in the fields of coal, coke, metallurgy and electricity" . Recently released "Inner Mongolia Autonomous Region energy development" 13th Five-Year Plan "clearly," 13th Five-Year "period, the control of raw coal production in Inner Mongolia at 1.15 billion tons, to encourage mergers and acquisitions coal companies to cultivate a batch of tens of millions of tons of large-scale coal enterprises . "Hebei Province" Thirteen Five "Energy Development Plan" also proposed to promote the integration of coal mining enterprises to promote production intensification, by 2020 coal mining enterprises controlled within 10, the number of coal mines around 60.
For the steel industry, the overall goal set in the Guiding Opinions on Promoting the Merger, Reorganization and Reorganization of Zombie Enterprises in the Iron and Steel Industry is that by 2025, 60% to 70% of the output of the Chinese steel industry will be concentrated in about 10 large groups. Wang Yingsheng, deputy secretary-general of China Steel Association, said that the merger and reorganization are the key tasks of the steel industry in the next step and the restructuring of the industry will gradually increase in the future. Recently, Chen Derong, general manager of Baowu Group, revealed that the country's largest steelmaker will continue its merger and reorganization with the goal of including several local state-owned enterprises.
Financial support behind mergers and acquisitions is essential. China Banking Regulatory Commission, Development and Reform Commission, the Ministry of Industry issued a statement issued by the end of last year, to encourage eligible steel and coal enterprises to carry out mergers and acquisitions. Support the banking financial institutions to carry out the M & A loan actively and steadily according to the principle of compliance with laws and regulations, independent decision-making, risk control and commercial sustainability, and adopting syndicated loans to mergers and acquisitions of steel and coal projects that can produce consolidation effect.
However, insiders pointed out that a large number of coal enterprises and steel enterprises have a series of problems behind local interests and bank claims disposal. This kind of merger and reorganization is still very difficult. After the reorganization of how to manage, operate and profit, are also businesses need to consider the issue.
A brokerage investment banking business official told reporters that debt to equity and mergers and acquisitions now appear to be the main way to leverage the excess capacity of enterprises, the two need to be organically combined to maximize results. A simple conversion of debt into equity does not bring more potential benefits to financial institutions and investors. Only by means of some mergers and acquisitions and resource integration can the existing assets be revitalized, and a win-win result can be truly achieved.
- The polypropylene production line is mainly used for spinning Puqiang polypropylene filament
- Chemical Fiber Standardization Technical Committee established four sub-committees
- This 12 types of textile machinery to fire this year, for whom you call?
- Six major categories of textile machinery equipment data insight into the entire textile machinery i
- Steel smart manufacturing into the next outlet
- Great National Equipments to write a new height made in China
- Ronghua polypropylene production line of the main features
- Opened 2025 China-made smart equipment into an important part of manufacturing transformation
- In 2020, China will initially establish an intelligent standard system for the textile industry
- This year, coal-to-production capacity is expected to close in advance