OCI Halts Two Polysilicon Projects in Korea, Citing Oversupply

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...

This information is only available to Chemical Week subscribers.

Forgot your user ID or password?
Click here to have it sent to you.

Email Address First Name Last Name

Not an IHS Chemical Week 24/7 member yet? Here's why you should be: Searchable online archive access of the last 2 years of Chemical Week. Print or digital magazine subscription Price and market change alerts Economic data and statistics Buyers' Guides Webcasts | whitepapers