Power Restriction and Production Suspension Notice
2021-09-26
Recently, the National Development and Reform Commission directly named 9 provinces and regions at a routine press conference: Qinghai, Ningxia, Guangxi, Guangdong, Fujian, Xinjiang, Yunnan, Shaanxi, and Jiangsu, where the energy consumption intensity in the first half of the year not only did not decrease but instead increased year-on-year! In addition, 10 other provinces did not meet the required reduction rate for energy consumption intensity, making the national energy-saving situation very severe.
With less than four months until the year-end 'exam', the regions named by the Ministry of Industry and Information Technology are taking measures one after another to quickly improve energy consumption issues..Jiangsu, Guangdong, Zhejiangand other major chemical provinces are taking strong actions,implementing measures such as production halts and power cuts for thousands of enterprises,leaving local companies feeling caught off guard. Regions such as Jiangsu, Zhejiang, and Guangdong have successively announced power restriction and production halt measures.
As an industrial powerhouse, Shandong Province is also facing tight electricity supply. Recently, Shandong Province has implemented load reduction for key energy-consuming enterprises within its jurisdiction, and under the premise of ensuring safety, has implemented power restrictions and production halts for key energy-consuming enterprises, which are expected to last until September 30. Weihai Lanke Composite Material Technology Co., Ltd. is currently forced to temporarily halt production due to power restrictions, and the specific impact on benefits cannot be accurately estimated at this time.
The company, considering the overall situation of maintaining social and local economic development, actively responds to the government's temporary power restriction and production halt requirements, fully cooperating with local government measures for temporary power cuts and production halts. It is expected that the production volume affected by the restrictions will be restored after the local electricity supply situation eases.
To minimize the impact of the temporary production halt on the company, measures such as arranging equipment maintenance, optimizing process control, and other methods will be taken to reduce the adverse effects of the temporary production halt as much as possible. At the same time, the company is fully prepared to resume work and production at any time. We apologize for any inconvenience this may cause to our partners.
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