China is looking to create 10 mega cola producers by 2020 as part of its effort to consolidate the industry and tackle overcapacity, according to a report that cited an energy official in the China Daily on Friday.
Wang Xiaolin, deputy director of China’s National Energy Administration, said Beijing was preparing guidelines to create 10 new China coal giants, each with annual capacity of more than 100 million tonnes.
According to the China Daily report, the country already has six companies that have production capacity over 100 million tonnes.
