Major polysilicon producer Wacker Chemie has guided further losses were expected from its polysilicon division, due to continued pricing pressure.
Wacker noted that it expected annual polysilicon sales in 2020 to increase slightly by a low-single-digit percentage, due to a focus on higher grade polysilicon production and subsequent high ASPs.
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The company had previously reported polysilicon sales of €780 million (US$859 million) in 2019, down from €824 million (US$907 million) in 2018. EBITDA had been negative €55 million (US$60.5 million), compared to a positive EBITDA of €72.4 million (US$79.7 million) in 2018.
Wacker said that its polysilicon division would make losses on par with those in 2019, despite cost cutting measures and without last year’s non-recurring insurance compensation of €112.5 million (US$124 million), due to an explosion at its polysilicon plant in the US.