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Guangxi Yinhai Aluminium cuts total capacity by 190,000 mt/year
Edited by : AL CIRCLE
1 min read
China's Guangxi Yinhai Aluminium has slashed its total primary smelting capacity of 450,000 mt/year by about 190,000 mt/year on the back of prevailing power shortages, a company source said Friday.
The South Central Chinese producer had cut capacity by 50% at its 200,000 mt/year plant in Baise city by September 18, which was then followed by a near 40% cutback at its 250,000 mt/year plant in Laibin city.
The producer had received notice of power cuts in August, and started gradually shutting down potlines in mid-September, after orders were issued by the government last week to effect the cutbacks.
With the cuts, the producer now expects to reach an overall actual output of about 370,000 mt in 2011 from its two plants combined, which is in line with output in 2010, but down from an earlier targeted 420,000 mt for 2011.
"We can probably produce about 170,000 mt from the Baise plant and 200,000 mt from the Laibin plant this year," the source said.
The South Central Chinese producer had cut capacity by 50% at its 200,000 mt/year plant in Baise city by September 18, which was then followed by a near 40% cutback at its 250,000 mt/year plant in Laibin city.
The producer had received notice of power cuts in August, and started gradually shutting down potlines in mid-September, after orders were issued by the government last week to effect the cutbacks.
With the cuts, the producer now expects to reach an overall actual output of about 370,000 mt in 2011 from its two plants combined, which is in line with output in 2010, but down from an earlier targeted 420,000 mt for 2011.
"We can probably produce about 170,000 mt from the Baise plant and 200,000 mt from the Laibin plant this year," the source said.
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