The German polysilicon manufacturer reported higher sales volumes and a better product mix for its polysilicon segment.
Imports from South Korea and the U.S. dwindled, year-on-year, ensuring Germany’s Wacker and the Malysian unit of Korean company OCI will supply the bulk of the world’s non-Chinese solar polysilicon this year.
The 275,000 metric tons of annual polysilicon production facilities pushed out of the industry by the expansion of big Chinese producers is more than double the capacity lost in the last great poly market shake-out, between 2010 and 2013.
The German chemicals producer said that the issue involved four contractors doing maintenance on non-operational equipment.
But Israeli inverter company Solaredge and Indian engineering, procurement and construction services provider Sterling and Wilson have both offered hope of a recovery in Europe as Chinese glass producer Xinyi said it kept the furnaces going throughout the worst of the pandemic.
The German polysilicon manufacturer said results for the past financial year are in line with its expectations. However, falling sales and earnings were also reported. The company blamed low prices for polysilicon for last year’s performance.
The Chinese government will extend duties on U.S. and South Korean polysilicon for another five years from today despite committing to buy $200 billion more American goods and services in the trade deal signed on Wednesday. Poly manufacturer REC Silicon says it expects polysilicon to form part of that trade agreement.
The Munich-based chemical company has taken a substantial minority share in the British materials specialist to expand its silicon-based high-performance battery activity. The value of the transaction was not disclosed.
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.