Daqo New Energy posts $23 million net profit in Q1
The Chinese polysilicon producer’s net income attributable to shareholders reached $22.9 million in the first quarter of 2017, from just $8.3 million a year earlier.
REC Silicon posts US$57.5 million revenue for first quarter 2017
Quarterly financial results from Norwegian based polysilicon producer REC Silicon show a drop in revenue from $80.4 million the previous quarter. EBITDA for the quarter was $4.6 million, also down from $4.9 million in the previous quarter.
China extends antidumping and anti-subsidy duties on polysilicon imported from EU
Mocfom’s decision to extend antidumping and anti-subsidy duties on polysilicon imported from the EU is likely a reaction to the 18-month extension of the EU duties on Chinese solar modules. German polysilicon maker Wacker Chemie had previously agreed a minimum import price with China.
Wacker says market environment for polysilicon is difficult
The German chemical company has said in its preliminary results for the first quarter of this year that polysilicon prices dropped significantly over the past weeks. Overall, the company expects to see its profits grow in 2017.
GCL-Poly investing $826m in construction of 60,000 MT polysilicon plant in China
The clean energy company is spending RMB 5.68 billion on the creation of the poly plant, which will comprise 40,000 tonnes of new production capacity and 20,000 tonnes of relocated capacity from the firm’s existing facility in Xuzhou.
Bernreuter Research: Wacker was the largest polysilicon manufacturer in 2016.
With a production output of 70,000 MT, Wacker was the largest producer of polysilicon last year. The previous market leader, Jiangsu Zhongneng Polysilicon, has had technical problems with the commissioning of its fluidized-bed reactor technology.
QSTec begins manufacturing activities at polysilicon factory in Qatar
The Qatar-based polysilicon manufacturer has begun producing polysilicon at its factory in Doha. The facility has a current annual production capacity of 8,000 MT, but QSTec confirmed its plans to expand it to 50,000 MT.
Tongwei subsidiary announces joint venture with Longi
Sichuan Yonxiang Co. Ltd, a subsidiary of Chinese industrial giants Tongwei, has announced the creation of a joint venture with Longi Green Energy Technology. The joint venture plans to build a new polysilicon production plant in Sichuan Province, China, with an annual capacity of 50,000 metric tonnes.
Daqo posts $43.5 million profit in 2016
The Chinese polysilicon producer’s net profit rose sharply from $13 million a year earlier, as revenue jumped 25.9% year on year to $229.1 million.
REC Silicon posts Q4 2016 revenue increase, expects strong H1 2017 for polysilicon market
The Norwegian silicon producer increased its fourth quarter revenues by $30 million on Q3, and forecasts rising demand for polysilicon in China ahead of the country’s July FIT decrease.
