Inner Mongolia issues implementation plan for high-quality development of traditional industries
2020-01-09 17:19:03 [Print]
The Department of Industry and Information Technology of Inner Mongolia Autonomous Region recently issued an implementation plan for the high-quality development of traditional industries. The plan says that, by 2020, Inner Mongolia's total output value of traditional manufacturing industry should reach 1 trillion yuan (144.4 billion US dollars), with average annual increase of about 9%; manufacturing value added should account for about 15% of the region's GDP; energy consumption per unit of product from key energy-intensive industries such as iron and steel, ferroalloy, calcium carbide, primary aluminum and so on should decrease by 1.5% on average compared with that in 2019.
The plan also requires that metallurgical industry should increase output value to around 420 billion yuan (60.67 billion US dollars) by 2020; iron and steel industry should keep annual production capacity in the range of 40-50 million tonnes; ferroalloy industry should strictly control new production capacity and upgrade equipment; primary aluminum industry should keep annual production capacity at around 10 million tonnes and aluminum post-processing capacity at 7 million tonnes.
The plan also requires that metallurgical industry should increase output value to around 420 billion yuan (60.67 billion US dollars) by 2020; iron and steel industry should keep annual production capacity in the range of 40-50 million tonnes; ferroalloy industry should strictly control new production capacity and upgrade equipment; primary aluminum industry should keep annual production capacity at around 10 million tonnes and aluminum post-processing capacity at 7 million tonnes.
