Leading polysilicon and wafer producer GCL-Poly reported a 15% cut in production of polysilicon in the third quarter of 2016, compared to the prior year period, due to weak China end-market demand.
China-based polysilicon and wafer producer Daqo New Energy reported third quarter 2016 financial results that characterised the abrupt demand slowdown from PV manufacturers at the beginning of the quarter but cited a strong rebound in demand since October.
‘Silicon Module Super League’ (SMSL) member, JA Solar has agreed to settle a long-term ‘take or pay’ contract for the purchase of polysilicon from US-based polysilicon producer Hemlock Semiconductor.
Major polysilicon producer Wacker Chemie has reported that polysilicon sales declined 6.8% in the third quarter of 2016, due to weaker demand and ASP declines, specifically in September.
Former China-based integrated PV manufacturer LDK Solar, which entered liquidation proceedings in the Cayman Islands and bankruptcy in mainland China has resulted in major creditor losses and its wafer and cell production operations being acquired.
PV and polysilicon manufacturing equipment specialist centrotherm photovoltaics has withdrawn its earnings forecast for fiscal year 2016, due to PV manufacturers postponing capital expenditure (capex) plans on overcapacity and rapid price declines.
Crystal growth equipment supplier GT Advanced Technologies (GTAT) said it had accepted the resignation of CEO, Dave Keck and appointed board member and former employee, Greg Knight as its new CEO.
Major Korea-based polysilicon producer OCI Company said it would make a final decision on acquiring Tokuyama’s Malaysian polysilicon operations by the end of March 2017.
Polysilicon producer REC Silicon is cutting production at its Moses Lake facility by around 50% from the beginning of October due to overcapacity in the solar supply chain.
SolarWorld and Hemlock are set to hold a mediation conference on 19 September following SolarWorld being ordered to pay Hemlock damages amounting US$793 million plus costs and interest in July.
