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.
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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.
