Revising its plans for the new built facilities at the Xinjiang location, GCL-Poly will have 60,000 tons of annual production capacity. The original plan was to have 40,000 tons of new capacity and 20,000 tons to be relocated from its Xuzhou fab. Pictured is GCL-Poly's silicon wafer production base in Xuzhou, China. (Photo Credit: GCL-Poly Energy Holdings)
- GCL-Poly will be increasing the production capacity of the newly-built facility at Xinjiang to 60,000 tons, from the originally announced target of 40,000 tons
- Previously, it had announced increasing the capacity from 40,000 tons to 50,000 tons
- Officially, testing production has commenced, and GCL-Poly expects to invest around CNY 5.99 billion ($0.86 billion) on the project including production, office facilities, etc.
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Polysilicon maker GCL-Poly Energy Holdings Limited has announced plans to increase its annual production capacity at the Xinjiang facility to 60,000 tons. This is the second revision it has announced for this fab. Previously on September 19, 2018 it had disclosed plans to increase the capacity from 40,000 tons to 50,000 tons. The Chinese company has also officially commenced testing production here.
The Xinjiang polysilicon production plant of GCL-Poly was originally planned to have 40,000 tons of new-built facilities with 20,000 tons of the existing Xuzhou facilities to be relocated to the new fab. In August 2017, it signed a cooperation framework agreement with Tianjin Zhonghuan Semiconductor Co., Ltd. to inject further capital into the Xinjiang facility (see GCL-Poly Deepens Partnership With Zhonghuan).
Now the newly built capacity will be increased from 40,000 tons to 60,000 tons. It estimates total investment of the project including production, office facilities, etc., to increase from CNY 5.68 billion ($0.82 billion) to around CNY 5.99 billion ($0.86 billion).
In a filing with the Hong Kong Stock Exchange, GCL-Poly’s board also said the low electricity cost in Xinjiang could make the Xinjiang polysilicon base the ‘world’s leading lost-cost, high quality polysilicon production base for modified Siemens method polysilicon manufacturing’.