ID :
176707
Wed, 04/20/2011 - 09:57
Auther :
Shortlink :
https://oananews.org//node/176707
The shortlink copeid
OCI to spend 1.8 tln won on new polysilicon plant
SEOUL, April 20 (Yonhap) -- OCI Co., South Korea's leading polysilicon maker, said Wednesday that it plans to spend 1.8 trillion won (US$1.7 billion) on building a new plant in the country that produces the key material for solar energy.
The construction of the plant with a production capacity of 24,000 tons will be completed by 2013, the company said in a regulatory filing.
OCI is already building another plant in the country, which will produce 27,000 tons annually.
OCI said its annual production capacity of polysilicon will amount to 86,000 tons by 2013, from the current 35,000 tons.
In the first three months of this year, OCI has received polysilicon orders worth around 3.7 trillion won.
Shares of OCI were trading at 548,000 won on the Seoul bourse as of 2:25 p.m., up 5.79 percent.
The construction of the plant with a production capacity of 24,000 tons will be completed by 2013, the company said in a regulatory filing.
OCI is already building another plant in the country, which will produce 27,000 tons annually.
OCI said its annual production capacity of polysilicon will amount to 86,000 tons by 2013, from the current 35,000 tons.
In the first three months of this year, OCI has received polysilicon orders worth around 3.7 trillion won.
Shares of OCI were trading at 548,000 won on the Seoul bourse as of 2:25 p.m., up 5.79 percent.
