Chinese polysilicon and wafer maker GCL Poly today (Monday) announced it expects the price of its product to fall further with opening of a co-generation captive power plant.
A statement to the Hong Kong Stock Exchange announced GCL Poly subsidiary Jiangsu Zhongneng Polysilicon Technology Development today started operations at the 350 MW plant, which will provide electricity and steam for the manufacture of polysilicon.
The stock market update, signed by GCL Poly chairman Zhu Gongshan, added: "As electricity and steam constitute a significant cost component to produce polysilicon, the board expects, with the commencement of the operation of the captive power plant, the production costs of polysilicon will further be
driven down."
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