Danen signs US$161 million contract with OCI in the midst of wafer production expansion

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As Danen works on its second phase of construction for its wafer plant II in Guanyin Shiang, Taoyuan County Taiwan, Bloomberg has reported that the company signed a US$161 million contract with OCI, where Danen will buy polysilicon from the company for seven years.

Danen’s wafer plant II expansion plans will extend the total wafer capacity of Danen to 520MW. The US$91.4 million investment will add a 200MW capacity to the facility and is expected to bring the company record breaking revenue in 2011.

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