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Daqo New Energy inks supply deal for ultra-high-quality polysilicon

Published 04/03/2018, 11:58 AM
© Reuters.  Daqo New Energy inks supply deal for ultra-high-quality polysilicon
DQ
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  • Daqo New Energy (DQ +4.8%) signs an agreement to supply China's Longi Green Energy Technology with 39.6K metric tons of polysilicon through 2020 for use in the production of high-efficiency monocrystalline modules; financial details are not disclosed.
  • DQ also recently announced plans for expanding production by at least 12K metric tons in less than 18-months that will be dedicated to supplying producers of high-efficiency monocrystalline wafers due to continued strong demand.
  • DQ has said that the Phase 3B expansion at its Xinjiang, China, facility was expected to start pilot production in H1 2019, which will lead to a total annual nameplate capacity of more than 30K metric tons by Q2 2019.
  • Now read: Conrad Industries: A Big Margin Of Safety With The Potential To Double


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