Poly-maker Wacker blames Chinese state subsidies for its latest €750m hit
The Munich-based group has reported a big impairment on its polysilicon production assets. The company cited the lack of a recovery in the PV project market, persistently low polysilicon prices and overcapacity in manufacturing, blaming state subsidies to Chinese rivals.
Wacker’s results affected by low polysilicon prices
The Munich company hopes the PV market will pick up in the second half, driven by demand in China. Wacker Chemie also expects rising prices for polysilicon.
