Profile: Daqo New Energy Corp (DQ)
11 Mar 2014
Daqo New Energy Corp. (Daqo Cayman), incorporated in November 2007, is a polysilicon manufacturer based in China. The Company manufactures and sells polysilicon to photovoltaic product manufacturers, who further process its polysilicon into ingots, wafers, cells and modules for solar power solutions. As of June 30, 2010, Daqo Cayman had an installed annual polysilicon production capacity of 3,300 metric tons. Substantially all of its production, storage, administrative, and research and development facilities are located in Chongqing, China. During the year ended December 31, 2009, Daqo Cayman produced 1,523 metric tons of polysilicon and sold 1,498 metric tons. In July and August 2010, the Company produced approximately 671 metric tons of polysilicon, sold approximately 643 metric tons to customers and used approximately 17 metric tons of its polysilicon to process wafers through tolling arrangements with third party wafer manufacturers. In September 2012, the Company sold Nanjing Daqo New Energy Co., Ltd.
The Company sells polysilicon to China-based photovoltaic product manufacturers. The majority of its sales are made under framework contracts. It also sells a portion of its polysilicon on a spot pricing basis. As of June 30, 2010, Daqo Cayman’s photovoltaic product customers included operating entities of China Sunergy (Nanjing) Co., Ltd., Jiangsu Linyang Solarfun Co., Ltd., Jinzhou Solargiga Energy Co., Ltd., Tianwei New Energy Holding Ltd. and Yingli Green Energy Holding Company Limited.
The Company competes with Hemlock, Wacker, OCI, REC, MEMC, M.Setek, Green Energy Technology, Sino-American Silicon, GCL-Poly, China Silicon Corporation, Sichuan Xinguang Silicon Science and Technology, LDK Solar, ReneSola, JinkoSolar, Comtec Solar Systems, BP Solar, Sharp Corporation, SunPower, Suntech Power, Solarfun, Canadian Solar, Yingli Green Energy, SolarWorld and Trina Solar.
Daqo New Energy Corp
666 Longdu Avenue, Wanzhou Distr
CHONGQING CHO 404000