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OCI to Invest $1.6 Billion to Expand Polysilicon Capacity in Korea

4:16 AM MST | December 13, 2010 | Deepti Ramesh

OCI (Seoul), formerly DC Chemical, says it will invest $1.4 billion to build a fourth polysilicon plant with a production capacity of 20,000 m.t./year at the company’s site at Gunsan, Korea. Construction of the plant will begin this month and is expected to be completed by October 2012. OCI will also invest about $245 million to increase the capacity of the existing third polysilicon plant by 7,000 m.t./year through debottlenecking. This project will also begin this month and is scheduled to be completed by December 2011. OCI announced in August that it has...

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