Major polysilicon and wafer producer GCL-Poly Energy Holdings confirmed the completion of its granular silicon facility and, in a major reversal of last year’s fortunes, is expecting RMB5.5 billion (US$850 million) in net profit for 2021, according to a company statement.
The solar polysilicon sector is experiencing a changing of the guard, and all four of the top manufacturers will be Chinese next year, research firm Bernreuter Research has predicted.
GCL-Poly said in a financial filing that its FBR produced silicon had met a number of quality standards in-line with the Siemens process, while in certain parameters outperforming the dense silicon materials.
Major polysilicon producer GCL-Poly has entered into an agreement with monocrystalline equipment and wafer producer Wuxi Shangji Automation Co to partner on establishing a 300,000MT Fluidised Bed Reactor (FBR) ‘granular’ polysilicon plant in Inner Mongolia.
