Major polysilicon producer, Wacker Chemie, reported an increase in polysilicon shipments in the second quarter of 2014, due to increased demand that is expected to continue through the second half of the year.
Wacker’s polysilicon segment reported sales of US€273.2 million for the second quarter, buoyed by slightly better ASPs and demand that supported an EBITDA in Q2 of €87.9 million. The company had reported sales of €262.0 million in the prior quarter. Its EBITDA margin rose to 32.2%, compared to 31.5% in the same quarter of 2013.
The companyreported no revenue gain that was generated from retained advance payments or damages from restructured or cancelled long-term supply contracts in the quarter.
However, Wacker remains capacity constrained, running at full capacity in the quarter. The company noted that its new polysilicon plant in the US would be completed by the middle of 2015 and commissioning would start in the subsequent second half of the year.
Wacker guided that both polysilicon shipments and sales would be higher in 2013 than in the previous year, supporting ASP stability as well as from special-income items such as retained advance payments and damages related to restructured supply deals.