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Chemical Week Magazine :: Business & Finance :: Asia/Pacific

OCI Halts Two Polysilicon Projects in Korea, Citing Oversupply

8:12 AM MDT | July 20, 2012 | —Deepti Ramesh

OCI (Seoul), formerly DC Chemical, has suspended construction on the company’s fourth and fifth polysilicon plants in Korea “due to the severe market condition and the radical price decline driven by continued oversupply.” The two projects involve a total investment of about $3 billion. The company did not say when construction is expected to resume. OCI says that it will instead invest about won116.5 billion ($102 million) to increase production capacity for polysilicon for solar cells by 10,000 m.t./year at the company’s Kunsan, Korea...

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