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Daqo New Energy Corp Announces Expansion Plan For Polysilicon Facilities In Xinjiang

Friday, 22 Nov 2013 03:52am EST 

Daqo New Energy Corp announced that the Board has officially approved the Company's plan to expand its polysilicon capacity in Xinjiang to 12,000 metric ton (MT) per annum. Currently the annual capacity for our Xinjiang facilities is 5,000 MT, which will be raised to 6,150 MT by the end of 2013. The Company plans to further increase the capacity to 12,000 MT and expects to complete the construction and start trail run by the end of 2014. According to the amended investing agreement with the local government of Shihezi City, the Company will enjoy a 3% discount on electricity rate when we fully ramp up the capacity. 

Company Quote

0.49 +1.60%
17 Apr 2015