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OCI to Invest $1.65 Billion to Expand Polysilicon Capacity in Korea

1:09 AM MDT | April 26, 2011 | Deepti Ramesh

OCI (Seoul), formerly DC Chemical, says it will invest won1.8 trillion ($1.65 billion) to build a fifth polysilicon plant with a production capacity of 24,000 m.t./year at the Saemangeum Industrial Complex in North Jeolla province, Korea. Construction of the plant will begin in the second half of 2011 and is expected to be completed by December 2013. The completion of the fifth polysilicon plant in December 2013 will give OCI total polysilicon manufacturing capacity of 86,000 m.t./year, and will strengthen its position as the largest polysilicon supplier in the...

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