"Shanxi Coking Industry M & A Implementation Plan" Released

On May 4th, the Shanxi Coking Industry Merger and Reorganization Implementation Plan was released. This is another major measure to transform and upgrade the traditional pillar industries after Shanxi completed the integration of coal resources and mergers and acquisitions of enterprises, marking the merger and reorganization of the Shanxi Coking Industry. Fully advance.

Shanxi is a large coal province and the country's largest producer of coke. Its coke production and export volume has always ranked first in the country. At present, the capacity of Shanxi's coke production is approximately 160 million tons. In 2011, the production of coke was approximately 90 million tons. Shanxi's coke industry occupies an important position in the country. However, there are also problems such as excess production capacity, difficulties in business operations, low industrial concentration, and uneconomic use of chemical products. Shanxi's coke industry must implement mergers and reorganizations and take the path of intensive, cyclical, and high-end.

Ren Runhou, vice governor of Shanxi Province, stressed that the merger and reorganization of Shanxi coking industry should adhere to the combination of market guidance and government guidance, combining total control with optimized stock, eliminating the combination of backwardness and industrial upgrading, eliminating outdated production progress and relatively stable employment. Combine the combination of industry restructuring and cross-industry restructuring, the principle of combining the production of coke production with the extension of chemical production, highlight the development of the park, highlight the extension of the industrial chain, highlight the introduction of new technologies, and promote coke-based coking Meanwhile, we will transform the production from the top to the bottom, achieve cleanliness, high-end, intensive, and large-scale development, optimize the industrial structure, increase industrial concentration, and cultivate a group of enterprises and enterprise groups with competitive advantages.

The Shanxi Coking Industry M&A Implementation Plan proposes that the main body of merger and reorganization in the Shanxi coking industry is an independent conventional coking enterprise, a steel company, and a coal enterprise that meets relevant standards of 2 million tons (capacity not less than 1.8 million tons). The merger and reorganization will be basically completed in 2013. From 2012 to 2015, Shanxi will eliminate 40 million tons of outdated coke production capacity, and the total production capacity will no longer increase. The number of independent coking enterprises has been reduced from 160 to 40 or so, and the average capacity of independent conventional coke enterprises has been increased from 700,000 tons to 3 million tons. The capacity of the top 15 coking enterprises in the province accounts for more than 70% of the province's dynamic control production capacity. . Shanxi will increase industrial concentration and corporate equipment levels through the implementation of mergers and restructuring in the coking industry, promote energy-saving emission reduction, scale up of coke products, and form a new platform for the development of modern coal chemical industry. Shanxi Province will build four coking parks with a capacity of 10 million tons, three 10 million tons and 10 enterprises with a scale of 5 million tons, and by the end of 2015, the coking industry will initially form a pattern of “coking and cooperating, and co-production with the top down”.

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