Monocrystalline ingot/wafer producer M.Setek to stop production of polysilicon

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Japan-based M.Setek, a subsidiary of Taiwan based flat panel display and PV module manufacturer, AU Optronics Corp (AUO) is to stop production of monocrystalline polysilicon production, due to cost competitive issues.

Japan-based M.Setek, a subsidiary of Taiwan based flat panel display and PV module manufacturer, AU Optronics Corp (AUO) is to stop production of monocrystalline polysilicon production, due to cost competitive issues. 

In a Taiwan Stock Exchange statement, AUO noted that it would incur a one time impairment charge of M.Setek’s equipment and facilities totalling NT$ 6.75 billion (US$203 million), recognised in its fourth quarter 2015 financial period. 

However, AUO noted that it would continue to operate M.Setek’s ingot/wafer slicing operations at the facilities.

According to PV Tech’s own analysis, M.Setek had less than 10,000MT of direct polysilicon production per annum. 

Polysilicon remains in overcapacity mode after more than four years and spot market prices have fallen below small quantity producers cash production cost levels (US$20/kg – US$15/kg) again in 2015. 

However, overcapacity also remains in monocrystalline ingot/wafer production, adding to pricing pressures in 2015 of mono-wafers, compared to multi-wafers. 

AUO’s PV module operations, BenQ Solar with manufacturing operations in Malaysia produces monocystalline modules but does not have integrated production operations. 

Read Next

July 23, 2021
China could install up to 65GW of solar this year, driven largely by a surge in demand for distributed solar installations, while average solar deployment could reach 90GW per year in the years leading up to 2025.
July 22, 2021
REC Silicon said it is continuing to work towards a restart of operations at its Moses Lake polysilicon production facility in the US, with the company buoyed by recent policy initiatives unveiled by US President Joe Biden.
July 16, 2021
The July 2021 episode of the Solar Media Podcast, sponsored by Honeywell, is now available to stream, as we delve into everything you need to know about recent polysilicon trade sanctions in the US.
July 15, 2021
Legislation that would ban the import of all products from China’s Xinjiang region into the US has taken a critical step forward, passing the US Senate.
July 9, 2021
The US government has added a host of new China-based solar companies to its Entity List, effectively banning imports of their products into the country.
PV Tech Premium
July 1, 2021
Reporting its Q1 2021 results last week, JinkoSolar provided a snapshot of the pressures solar module manufacturers have faced in the opening exchanges of the year by way of spiralling material and freight costs. Liam Stoker analyses how the company has responded, laying the groundwork for a return to normality towards the end of the year.

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
July 29, 2021
Webinar
Upcoming Webinars
August 19, 2021
At 9am (PT) | 6pm (CEST)
Solar Media Events
August 25, 2021
Solar Media Events, Upcoming Webinars
October 6, 2021