Daqo

The Chinese polysilicon titan's take-home pay dropped virtually 23% year on year to $29.5 million in monetary 2019, although it uploaded a 16% year-on-year enter income to $350 million. It anticipates its polysilicon result to rise in the year in advance, regardless of the danger positioned by the coronavirus break out.

Polysilicon manufacturer Daqo has announced the start of pilot production in Xinjiang and expects to ramp up to full output by the end of the year, doubling the company’s annual capacity to 70,000 MT. Some 90% of its poly will be mono by that stage and Daqo expects 40% to be suitable for n-type products next year.

The polysilicon manufacturer took a step back in the last quarter to take two steps forward in the next, bringing forward annual maintenance operations at its main production facility to prepare for a solar gold rush expected to start next month.