Daqo starts pilot manufacturing at new polysilicon center, targets 105,000 MT of capacity by begin of next year

• Daqo New Energy has started pilot production at its brand-new 35,000 MT Stage 4B polysilicon manufacturing facility, which has actually been completed ahead of timetable.

Daqo anticipates to substantially increase production at the site to a full capacity of 105,000 MT each year by the end of Q1 2022.

The polysilicon manufacturer uploaded record business profits in Q3 2021 as it rode a wave of polysilicon rate hikes, but warned of a tough atmosphere for future capacity developments.

The firm has a target of attaining complete annual production capacity of 270,000 MT by the end of 2024, nevertheless in October its CEO Longgen Zhang cautioned that the speed of polysilicon capacity expansion might slow in the future due to allocations concerning energy intake in China.

Zhang said the business "will remain to perform our three-year plan to broaden our manufacturing capacity to 270,000 MT by the end of 2024" which it would additionally "continue to boost our item quality to be market-ready for the future generation N-type modern technology."

The high cost of polysilicon is a significant motorist behind the rising price of components over the past 18 months, which has caused delays to projects as well as unpredictability throughout the supply chain.