GCL-Poly

Major polysilicon and wafer manufacturer GCL-Poly Energy Holdings verified the completion of its granular silicon facility as well as, in a significant turnaround of its lot of money in 2020, is expecting RMB5.4 billion (US$ 850 million) in net profit for 2021, according to a business statement.

The solar polysilicon industry is experiencing an altering of the guard, and all four of the leading suppliers will certainly be Chinese next year, research firm Bernreuter Research has predicted.

Chinese polysilicon maker GCL-Poly Energy Holdings Ltd (HKG:3800) and its troubled solar plants running device GCL New Energy Holdings Ltd (HKG:0451), or GNE, are preparing to offer interests in 790 MW of solar assets to an unit of China Three Gorges Group Co Ltd

Major polysilicon and wafer manufacturer GCL-Poly Energy Holdings anticipates to report a bottom line for 2020 not less than RMB5.8 billion (US$ 891 million).

Significant polysilicon producer GCL-Poly has actually asserted its FBR (Fluidized Bed Reactor) granular polysilicon has actually accomplished monocrystalline purity needs at its 10,000 MT FBR plant, using considerable carbon footprint advantages over the standard process utilized for mono-wafer production.

Major polysilicon producer GCL-Poly has become part of an agreement with monocrystalline tools as well as wafer manufacturer Wuxi Shangji Automation Co to partner on developing a 300,000 MT Fluidised Bed Reactor (FBR) 'granular' polysilicon plant in Inner Mongolia.

Significant polysilicon producer GCL-Poly Energy Holdings anticipates to meet formerly set targets of accomplishing 10,000 MT manufacturing capacity of its Fluidized Bed Reactor granular polysilicon innovation by the end of 2020.

Polysilicon producer GCL-Poly has started construction on the first phase of a brand-new 54,000 MT polysilicon manufacturing center.

Significant polysilicon and also solar wafer manufacturer, GCL-Poly has actually warned capitalists that it expects to make a bottom line of at the very least RMB 1.5 billion (US$ 217 million) for the very first half of 2020 as market demand and also other issues influenced profitability.

Today's announcement indicates either the board or the listing board of the Hong Kong exchange where the business is noted put a spanner in the jobs.

GCL-Poly has actually drawn its dedication to infuse US$ 68m right into a 30 GW manufacturing capability wafer fab joint endeavor developed with Tianjin Zhonghuan in the Chinese self-governing area of Inner Mongolia, pointing out a choice to concentrate on 'extra affordable items'.

Canadian Solar has attained what it describes as a new milestone for PV cell conversion efficiency, taking five months to break its own record in the field.

The polysilicon maker has turned a quick $160 million profit from the sale of its stake in a fund it paid $189 million to establish just five months ago. The heavily indebted manufacturer needs to raise funds to pay for its production capacity expenditure.

The opening pages of the first-half update published on the Hong Kong exchange made all the right noises with the company set to be acquired by a Chinese state-owned entity. But the balance sheet makes for shocking reading.