Wacker suffers sales slide on weaker polysilicon demand in Q3

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Wacker’s polysilicon division reported third quarter revenue of €253.0 million, down 6.8% from the previous quarter after two quarters of flat revenues.

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. 

Wacker’s polysilicon division reported third quarter revenue of €253.0 million, down 6.8% from the previous quarter after two quarters of flat revenues. 

Polysilicon volumes were said to have remained almost unchanged versus the prior year period, while average prices declined.

Rudolf Staudigl, CEO of Wacker Chemie said, “The market environment for our polysilicon business was more difficult, with solar customers ordering substantially less material in September than in the preceding months. Since then, however, there have been increasing indications that demand for solar silicon is picking up again.”

EBITDA in the quarter was €82.3 million and EBITDA margin was 32.5%, both higher than the previous quarter as major capital expenditures ended as its new polysilicon plant in new Charleston, US started ramping production.

26 January 2022
Join this free webinar for our analysis of the growth of N-Type technology including; new capacity expansions and production output. We'll also be looking at the global manufacturing footprint with forecasts on how much product will be made outside of China this year and which companies are driving technology change across the crystalline silicon value chain.

Read Next

January 24, 2022
Polysilicon producer Daqo New Energy is expecting a five-fold increase in net profit from its Xinjiang subsidiary as it continues to progress expansion plans.
January 10, 2022
Upstream solar major Tongwei has forecasted for profits to more-than-double in its 2021 financial year on the back of increased material and cell prices experienced last year.
PV Tech Premium
January 10, 2022
After a 2021 which saw price volatility dominate the solar industry’s new, the sector started anew last week. How has the downstream started the year with regards manufacturing and pricing?
January 7, 2022
The solar PV industry produced more than 190GW of modules during 2021, as the industry went through its first major production-led supply cycle, Finlay Colville reveals in exclusive analysis for PV Tech.
January 6, 2022
PV Tech speaks to Philipp Matter, president for Europe at GCL System Integration, to discuss last year's supply chain crises, targeting growth in Europe and the prospects for competing new solar technologies.
January 4, 2022
Daqo New Energy has provided a RMB10 billion (US$1.6 billion) capital injection to a subsidiary which is to advance on future polysilicon production projects in Inner Mongolia.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
January 26, 2022
Free Webinar
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal