Small and backward tanneries to be eliminated in China
Ministry of Industry and Information formulated the guidelines on tanning and textile machinery industrial structure adjustment on December 11, 2009.
The guideline requires that small scale tanning plants caused environmental pollution will be eliminated before 2011, and that will cut leather production of 30 million pieces.
In term of textile machinery industry the ministry said they support those qualified enterprises to go to public on security market, issue bonds and financing fund raising, and expect to raise the percentage of market share from 60% to 70%.
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