UPDATE 1-Huludao says zinc output cut by 105,000 tonnes
reuters.com
Thu Nov 13, 2008 11:49pm EST
HONG KONG, Nov 14 (Reuters) - Huludao Zinc Industry Co. Ltd 000751.SZ, the second-biggest zinc firm by capacity in China, has halted 105,000 tonnes of production capacity, or 27 percent of its total, it said in a statement on Friday.
The firm was responding to a Reuters report of Nov. 6 that it had cut production by more than half.
In a statement in Chinese, faxed to Reuters, the Liaoning province-headquartered firm said that it had stopped 65,000 tonnes of production at a plant with 200,000-tonnes annual capacity and 40,000 tonnes of annual capacity at a 130,000-tonne facility, without providing a reason.
It said the production at another 60,000-tonne facility was basically normal.
Reuters had reported, quoting an unnamed company source, that Huludao had shut the 200,000 tonne facility and was cutting production at the 60,000 tonne facility.
"Of course, depending on the condition of the raw materials and products markets, we do not rule out considering a further adjustment to the next step of our production plan," the company said in the statement.
For a factbox of China zinc smelter shutdowns, click on [ID:nHKG278817] (Reporting by Polly Yam; Editing by Michael Urquhart) |
