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Wacker reports slight revenue growth for polysilicon business

The German polysilicon manufacturer reported higher sales volumes and a better product mix for its polysilicon segment.

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China’s cheap electricity crowds out foreign polysilicon

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.

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Chinese polysilicon makers driving industry’s second great consolidation

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.

Four injured in ‘incident’ at Wacker’s US polysilicon factory

The German chemicals producer said that the issue involved four contractors doing maintenance on non-operational equipment.

Covid-19 weekly round-up: Updates shed light on tough second quarter for solar industry firms

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.

Wacker CEO hits out at Chinese rivals

Rudolf Staudigl highlighted polysilicon manufacturing overcapacity among Chinese competitors as he announced Covid-19-battered second-quarter figures for the Munich-based chemicals conglomerate.

German polysilicon maker will cut 1,000 jobs

Wacker Chemie has taken the first steps of its restructuring program with the lay-offs set to particularly affect its German locations. Poor performance by the chemical company’s polysilicon business is the main cause of the crisis.

Wacker reports strong operating loss for 2019 due to polysilicon business

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.

China holds firm on strategy to build self-sufficient domestic polysilicon industry

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.

Wacker enters battery business with acquisition of 25% stake in Nexeon

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.

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