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Huge funds to close down waste plastics enterprises in Yuyao

News from Yuyao Bureau of Finance said that financial departments of city and town level would allocate 10 mln Yuan on the rectification of waste plastics processing industry.  

It is learned that the fund will be sent to companies in the form of awards to encourage companies to close down their businesses in advance. And the closing down of such companies would address such problems as environmental pollution and occupational diseases etc, thus to promote the progress of industrial transformation and upgrading and to protect the environment. 

According to the requirements for rectification, those unlicensed companies or those companies without complete licenses are required to stop production and close down their plants before September 30, 2012. Moreover, they are demanded to eliminate pollution to surrounding areas. While those companies with full licenses are requested to either upgrade  or move to other places before December 31, 2013.

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