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Hubei's first projects to resolve the overcapacity and acceptance of Chibi Yajian 600 thousand tons 
CNR net Wuhan on November 11th news (reporter Zhang Maoqing Xianning station reporter Li Huarong) yesterday, Hubei Chibi Minfa building materials limited company eliminated 600 thousand tons of steel production capacity by the steel industry to resolve the overcapacity acceptance inspection group. This is the first in Hubei province to resolve the excess capacity through the acceptance of the project, marking the supply side of the supply side of structural reforms made new progress in Hubei province. Fujian building materials company by private entrepreneurs joint venture investment and construction, completed and put into production in 2004, mainly the production of wire rod, steel and ordinary steel used in construction. Peak, the annual output value of enterprises amounted to more than 1 billion yuan. According to last year's verification, the company has 5 electric furnace, production capacity of 600 thousand tons, the existing staff of 171 people. At the beginning of this year, Fujian building materials was included in the province's iron and steel production capacity to object. The local government has repeatedly coordinated communication, the end of August, the company has removed all production equipment and production lines. At present, the company has the overall withdrawal from the steel industry, Chibi City, the relevant departments to actively assist the company to do staff placement, to help businesses make an inventory of assets, to encourage enterprises to the green, technology industry restructuring and development.

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