Despite overcapacity in the polysilicon and solar wafer market, GCL-Poly has said that its production ramp will result in reaching an annual capacity of 18,000MT by the end of 2009 and 21,000 MT by the end of 2010. A new subsidiary, GCL Solar was said to have started constructing wafer production facilities and targets to achieve 1GW of capacity by mid-2010.
Last week, GCL-Poly noted that polysilicon production had reached 1,993MT for the third quarter of 2009, an increase of 253% from 565MT compared with the same period a year ago. Polysilicon production in October was expected to be approximately 1,000 MT. 70% of production was allocated customers under the long-term contracts and other significant customers, according to the company.