Schedule a Call Back
Electronic makers hit as Chinese firms halt production to meet energy targets
Industry News- Sep 29,21
According to a report by Nikkei Asia, a crackdown on energy consumption has affected approximately 160 energy-intensive companies, including electronics, textile, dyeing and chemical fibre industries.
Beijing (China)
Chinese firms were forced to temporarily halt production to help provinces meet their energy consumption targets delivering a major blow to electronic equipment manufacturers.
According to a report by Nikkei Asia, a crackdown on energy consumption has affected approximately 160 energy-intensive companies, including electronics, textile, dyeing and chemical fibre industries. The report said that the recent decision to clamp down energy consumption came after the prices of coal and natural gases recorded a rapid surge in the last month.
The report claimed the production order issued for September 21-30, has affected a large number of companies, out of which 80% are in the Ma'an area. The change in the plan came at a time when the global markets were shaken by the debt crisis and the companies were pushing to meet the demands of the festive season.
Eson Precision Engineering, which supplies electronic parts to some of the biggest brands like iPhone and Tesla, suspended its production from Sunday until Friday in order to meet the energy targets. According to a community official at the Ma'an area in Shaoxing city, as, "It is mainly for the provincial government's energy consumption control requirements."
Apart from the price surge, the government has decided to halt production to fulfil its commitment to reduce carbon emission.
Source: Repulicworld.com
Related Stories
Electrical & Electronics
Apple shifts iPhone 17 manufacturing to India; Reduce reliance on China
While this change currently applies only to the standard iPhone 17 model, the premium iPhone 17 Pro, Pro Max, and rumored iPhone 17 Slim will continue their NPI processes in China.
Read moreElectrical & Electronics
Massive fire disrupts operations at Tata Electronics iPhone plant in Tamil Nadu
The company is investigating the cause of the fire and has committed to taking appropriate measures to safeguard the interests of employees and stakeholders.
Read moreElectrical & Electronics
Apple begins training workers for Made-in-India iPhone Pro models
Additionally, Apple is expected to make the made-in-India standard iPhone 16 available on the same day as its worldwide release, according to the source.
Read moreRelated Products
78 Series Din Rail Terminal Blocks
ELECTRICAL & ELECTRONIC EQUIPMENT
Werner Electric Private Limited offers a wide range of 78 series din rail terminal blocks.
Mig Welding Torches
ELECTRICAL & ELECTRONIC EQUIPMENT
ATE Welding Engineering Robotics & Automation offers MIG welding torches. Read more
Puma Lift Electric Stacker
ELECTRICAL & ELECTRONIC EQUIPMENT
Puma Lift Trucks Pvt Ltd offers a wide range of puma lift
electric stacker.
latest News
Subscribe to iNoW
For Industry News on WhatsApp, Give a Miss Call on: +91 84228 74016
