Wacker guides further losses for polysilicon division in 2020

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Wacker said that its polysilicon division would make losses on par with those in 2019. Image: Wacker Chemie

Major polysilicon producer Wacker Chemie has guided further losses were expected from its polysilicon division, due to continued pricing pressure. 

Wacker noted that it expected annual polysilicon sales in 2020 to increase slightly by a low-single-digit percentage, due to a focus on higher grade polysilicon production and subsequent high ASPs.

The company had previously reported polysilicon sales of €780 million (US$859 million) in 2019, down from €824 million (US$907 million) in 2018. EBITDA had been negative €55 million (US$60.5 million), compared to a positive EBITDA of €72.4 million (US$79.7 million) in 2018.

Wacker said that its polysilicon division would make losses on par with those in 2019, despite cost cutting measures and without last year’s non-recurring insurance compensation of €112.5 million (US$124 million), due to an explosion at its polysilicon plant in the US. 

Read Next

February 23, 2021
Strong installs expected in China, India and other markets as supply chain concerns ease and costs drop further
February 10, 2021
Leading monocrystalline wafer producer LONGi Green Energy has signed a three-year high-purity polysilicon supply deal from OCI Malaysia, while securing 46GW of PV glass from China's Flat Glass Co.
February 9, 2021
Major ‘Solar Module Super League’ (SMSL) member JinkoSolar has extended its supply chain cooperation with major polysilicon and merchant solar cell manufacturer Tongwei Group, with Tongwei gaining extra gigawatts of mono wafers from JinkoSolar.
February 9, 2021
Major China-based polysilicon producer Xinte Energy is planning the world's single largest polysilicon production complex.
February 4, 2021
Leading solar companies back pledge to develop traceability protocol in the industry's supply chain.
February 2, 2021
Large-wafer size producer Tianjin Zhonghuan Semiconductor (TZS) is to build a new 50GW 210mm (G12) mono-wafer manufacturing hub in Ningxia Hui Autonomous Region at a cost of around RMB12 Billion (US$1.86 billion).

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
March 9, 2021
Solar Media Events
March 17, 2021
Solar Media Events
April 13, 2021
Solar Media Events
April 20, 2021