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PV and polysilicon manufacturing equipment specialist centrotherm photovoltaics has withdrawn its earnings forecast for fiscal year 2016, due to PV manufacturers postponing capital expenditure (capex) plans on overcapacity and rapid price declines.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.
Leading polysilicon and solar wafer producer GCL-Poly Energy Holding has placed a bid of US$150 million for the polysilicon assets of bankrupt renewable energy firm SunEdison via the US bankruptcy court dealing with the Chapter 11 proceedings.
Leading polysilicon and multicrystalline wafer producer GCL-Poly Energy Holdings has reported first half 2016 financial results that as expected benefited from the downstream boom in China that kept both polysilicon and wafer prices high.
