• Most Popular
  • Most Shared

UPDATE 1-Huludao says zinc output cut by 105,000 tonnes

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.

China

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)



More from Reuters

Joint Terminal Attack Controller SSgt Clinton J. Herbison, a U.S. Airman from the 817 Expeditionary Air Support Operations Squadron (EASOS) takes a break during a night mission near Honaker Miracle camp at the Pesh valley of Kunar Province August 12, 2009. Credit: REUTERS/Carlos Barria

Pictures of the Year

A look at the best photos of 2009.  Slideshow 

    The Dalai Lama jokes with a nasal spray after being asked his opinion on the swine flu during a press conference after his first lecture in Lausanne, Switzerland, August 4, 2009. REUTERS/ Valentin Flauraud

    What a wacky year it's been...

    Um, what's up the Dalai Lama's nose? "Oddly Enough" editor Bob Basler rounds up the goofiest photos of the year.  Full Article 

    A caution sign is seen next to a stock board at the Australian Securities Exchange (ASX) in Sydney September 5, 2008. REUTERS/Daniel Munoz
    Political Risk in 2010:

    Don't say we didn't warn you

    With the financial crisis (mostly) in the past, U.S. investors are eying a fresh start to the coming year. Here's a look at what speedbumps lie ahead.  Full Article