Industry And Cluster | News & Insights

Zhejiang Province in China imposes production halts in order to satisfy energy requirements

Published: September 25, 2021
Author: Manali bhanushali
As the province fails to fulfil its energy consumption objectives, Zhejiang, Eastern China’s manufacturing heartland, has ordered a swath of enterprises to temporarily halt work.
Around 160 energy-intensive businesses, primarily in the textile, dyeing, and chemical fibre industries, have been impacted. “It is mostly for the provincial government’s energy consumption control regulations,” said a community administrator in Shaoxing, in northeastern Zhejiang province’s Ma’an area.
Ma’an province is China’s most important textile industry base, accounting for 30% of national capacity. Beijing aims by 2025 to reduce national energy consumption per unit of GDP by 13.5% from 2020 while cutting carbon emissions 18%.
Nearly 80% of the affected companies are in Ma’an, where a production halt order was issued for Sept. 21-30, an official said. Zhejiang Xidamen New Material in a Wednesday filing said it suspended production under the power control order. Another Shanghai-listed textile printing and dyeing company, Yingfeng Technology, issued a similar statement.
Textiles, plastics and dyeing companies in China’s eastern province of Zhejiang have been ordered to cut production amid a power shortage. Production halts have been placed in place for several high-energy-consuming industries including textiles, dyeing and plastics. Power generators in Shaoxing have been under pressure amid this year’s coal shortage, worsening the power supply shortfall. The neighboring province of Jiangsu, home to major petrochemical producers, also ordered local mills to cut output.
Image source: https://asia.nikkei.com/

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