Daqo New Energy has completed the de-bottlenecking project at its polysilicon plant in Xinjian, China, which has started ramping to its expected nameplate capacity of 6,150MT.
Dr. Gongda Yao, CEO of Daqo New Energy said: “The solar PV market keeps improving and we see stronger demand for polysilicon. The newly added capacities will enable us to better address our customers' increasing needs for high quality polysilicon.”
The upgraded and decongested plant is expected to target production costs of around US$14/kg when fully ramped later in 2014.
According to a recent report from Bernreuter Research, total polysilicon volume imported into China amounted to 82,755MT in 2012 and 80,653MT in 2013.
The specialist research firm is forecasting around 66,000MT of new low-cost polysilicon capacity to come on stream in 2014.