Hong Kong's GCL-Poly Energy doubles polysilicon output in Q1 2012

05 June 2012 09:43  [Source: ICIS news]

SINGAPORE (ICIS)--Hong Kong-based GCL-Poly Energy Holdings Ltd Group produced 12,235 tonnes of polysilicon in the first quarter of 2012, slightly more than double its output in the same period a year ago, the company said on Tuesday.

Its polysilicon output in the 2011 first quarter was 5,927 tonnes, the company said in a statement.

The group sold 3,041 tonnes of polysilicon in the first quarter of 2012, compared with 914 tonnes and 945 tonnes in the first and fourth quarter of 2011 respectively, the company said.

Most of the polysilicon produced was used for the group’s wafer production, which started in the first quarter of 2010, according to the company.

The average price of polysilicon sold was $25.98/kg (€20.78/kg) in the first quarter of 2012, compared with $62.17/kg in the first quarter of 2011, the statement said.

The group expects the production cost to be below $18.5/kg by the end of the second quarter of this year, the statement added.

GCL-Poly Energy Holdings Ltd Group is a polysilicon and wafer supplier that provides power and heat via cogeneration, biomass, incineration, wind and solar power.

($1 = €0.80)


By: Dolly Wu
+65 6780 4359



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