Hanwha Chemical is planning to spend KRW1.04 trillion (US$955 million) on a new polysilicon plant to help double sales over the next five years, reports Bloomberg. When construction is completed in July 2013, the Yeosu plant will have the capacity to produce 10,000 metric tonnes of polysilicon a year.
“By advancing to the business of producing polysilicon, Hanwha Group could achieve a complete, vertical integration of solar-related businesses, from poly-silicon to ingots, wafer, solar cells and modules. This will allow the group to attain strong global competitiveness in the field,’’ a Hanwha spokesperson said. “Polysilicon is a key material for producing solar cells. The ability to self-provide our demand for polysilicon will give us a key advantage in stability and cost competitiveness and make us less vulnerable to market cycles.’’
Try Premium for just $1
- Full premium access for the first month at only $1
- Converts to an annual rate after 30 days unless cancelled
- Cancel anytime during the trial period
Premium Benefits
- Expert industry analysis and interviews
- Digital access to PV Tech Power journal
- Exclusive event discounts
Or get the full Premium subscription right away
Or continue reading this article for free
Hanwha claim the proposed polysilicon plant in Yeosu will generate sales totalling in excess of KRW500 billion (US$4.6 million) in 2014.
