REC Silicon’s sales increase following higher Q2 demand and ASPs

July 18, 2014
Facebook
Twitter
LinkedIn
Reddit
Email

Polysilicon producer, REC Silicon, reported second quarter revenues of US$126.8 million, compared to US$113.3 million in the previous quarter, due to higher demand for FBR-based granular polysilicon and a 4% increase in selling prices.

The company reported an operating profit of US$24.6 million in the second quarter, compared to a loss of US$49.7 million in the previous quarter. The improved result led to a silicon segment EBITDA of US$33.1 million.

This article requires Premium SubscriptionBasic (FREE) Subscription

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

Polysilicon production increased 10% in the quarter to 4,375MT on the back of a sales increase of 2%.

FBR-based polysilicon cash cost continued to be impacted by the planned outage of Silane III plant and the increased inspections, and was reported to be US$14.30/kg in the second quarter.

REC Silicon also benefited from increased silicon gas sales volumes with silane prices actually increasing 5% in the quarter.

“Strong second quarter EBITDA demonstrates the strengthening demand for granular polysilicon and silicon gases in the market,” said Tore Torvund, CEO of REC Silicon.  “During the quarter, we successfully completed the five-year inspection programme in Silane III. Although these outages resulted in higher cost during the first half of 2014, we have completed the planned outages and will operate at full capacity for the remainder of the year.”

Guidance

REC Silicon said that it expected polysilicon production of about 5,000MT in the third quarter as no maintenance work was planned on plants. The company noted that it expected annual polysilicon production to be around 800MT higher than previously guided to 18,600MT in 2014. 

FBR-based polysilicon cash cost is expected to decline in the third quarter to US$11.20/kg, due to higher utilisation rates and no outages.

Read Next

October 22, 2025
Abigail Ross Hopper, the president and CEO of US trade association the Solar Energy Industries Association (SEIA), has decided to step down from her roles at the end of January 2026.
October 22, 2025
Ingeteam’s Mauro Rivola discusses the rapidly growing appetite for co-located solar and storage in Southern Europe.
October 22, 2025
The Queensland government has launched the Social Licence in Renewable Energy Toolkit, providing local councils in Australia with resources to navigate renewable energy project engagement and community consultation processes.
October 21, 2025
Leading Chinese solar manufacturer Trinasolar has signed a module supply agreement with Malaysian renewable energy developer Mestron Energy.
Premium
October 21, 2025
PV Tech Premium spoke with academic and industry experts about the rising tide of cybersecurity concerns in Europe's solar energy sector.
October 21, 2025
Cypress Creek Renewables has achieved financial close on its 75MW Sundance solar-plus-storage project in Elbert County, Colorado.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK
Solar Media Events
March 10, 2026
Frankfurt, Germany