OCI to postpone South Korea polysilicon plant expansion

Facebook
Twitter
LinkedIn
Reddit
Email

South Korean polysilicon manufacturer OCI has shelved plans to expand one of its production lines.

In a regulatory filing, the company said it had postponed US$100 million plans to expand production at its Gunsan plant, citing ongoing uncertainties in the solar market.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The expansion would have increased plant capacity by 10,000 tonnes.

Although there have been widespread predictions of an end to the recent period of overcapacity in the global PV equipment market and a return to stable pricing for polysilicon, an OCI official quoted by the South Korea Times said the company was waiting for prices “to go up a little bit”.

“Our decision is based on the current conditions of the industry to fine-tune the timing of capacity expansion,” the official was quoted as saying.

Read Next

August 21, 2025
Qair has secured a US$5.7 million senior debt facility to finance the development of a 5.8MW floating solar (FPV) project in Seychelles.
August 20, 2025
Blueleaf Energy has signed an MoU with Chemsain Sustainability to explore a portfolio of up to 3GW of solar PV and BESS in Malaysia.
August 20, 2025
Solar manufacturer T1 Energy has signed a 437MW module supply agreement with an as-yet undisclosed US utility.
August 20, 2025
USDA has announced that new wind and solar projects on agricultural land will not be eligible for two federal loan programmes.
August 20, 2025
The consortium building the Al Sadawi PV power plant in Saudi Arabia has reached financial close on the 2GW project.
August 20, 2025
Silicon Ranch is building a 100MW solar plant in South Carolina that will supply power to Meta's first data centre in the state.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines