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GCL-Poly and Wuxi Shangji team on 300,000MT granular polysilicon plant JV
GCL-Poly and Wuxi Shangji team on 300,000MT granular polysilicon plant JV. Image: GCL-Poly
Major polysilicon producer GCL-Poly has entered into an agreement with monocrystalline equipment and wafer producer Wuxi Shangji Automation Co to partner on establishing a 300,000MT Fluidised Bed Reactor (FBR) ‘granular’ polysilicon plant in Inner Mongolia.
The strategic cooperation framework agreement is between GCL-Poly’s FBR polysilicon subsidiary, Jiangsu Zhongneng Polysilicon Technology Development Co., and Wuxi Shangji Automation Co. The plant is expected to need a total investment of RMB18 billion (US$2.78 billion).
GCL-Poly will have a 65% equity interest in the joint venture, while Wuxi Shangji will have a 35% stake.