14 June 2007 08:51 [Source: ICIS news]
SINGAPORE (ICIS news)--German chemicals producer Wacker Chemie said on Thursday it plans to triple polysilicon production to 21,500 tonnes/year by 2010 at a cost of €400m ($533m) at its plant in Burghausen to meet soaring global demand.
Growth in the market had been stimulated by the expansion of the solar power industry, which required hyperpure polycrystalline silicon for the production of solar cells, said the company.
“Today’s expansion decision reflects the continuously strong demand of our polysilicon customers,” said Peter-Alexander Wacker, president and chief executive officer (CEO) of the Wacker Chemie group.
The company forecast silicon demand to grow at an annual double-digit rate in the solar sector and almost 10% in the electronics sector over the next few years.
“We are already the world’s second largest polysilicon producer. By heavily increasing our capacities, we intend to keep narrowing the gap on the market leader. Also, we consider this project a major contribution to accelerate growth in the solar industry,” Wacker added.
The company’s polysilicon capacity currently stands at 6,500 tonnes/year. The expansion project is expected to create 200 jobs, the chemicals producer said.
($1 = €0.75)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections