Wacker has reported that preliminary sales for its polysilicon division in the fourth quarter of 2014 topped €262 million, up 5% from the prior year period, but declined slightly quarter on quarter.
Wacker noted that its polysilicon plants remained at full capacity in the quarter, due to continued strong demand and stable ASPs that remained significantly higher than the prior year period.
EBITDA growth for polysilicon was €89 million in the fourth quarter, 25% higher than in the prior year period and up slightly from €87.9 million in the previous quarter.
Wacker noted that there was no special income from retained advance payments or damages relating to terminated customer polysilicon supply contracts in the fourth quarter.
The company continues to invest in new polysilicon capacity expansions with its first US-based production plant nearing completion. Wacker noted that capital expenditures amounted to €572 million in 2014, up from €504 million in the previous year, with the majority of spending attributed to its polysilicon site in Charleston, Tennessee.
Total preliminary 2014 polysilicon sales reached €1.04 billion, compared to €924.4 million in 2013.