S.Korea's OCI announces solar panel expansion plan
OCI, South Korea's leading manufacturer of polysilicon used in solar panel cells, Wednesday announced plans to spend 1.88 trillion won (1.65 billion dollars) over the next two years to expand output.
The company said in a statement it would invest 1.6 trillion won to build a new plant by October 2012, and spend another 280 billion won expanding an existing plant.
OCI said the investments would expand its annual output capacity by 27,000 tonnes to the world's largest figure of 62,000 tonnes.
"The large-scale expansion is designed to support continuously increasing demand for high-purity polysilicon products," it said in the statement.
(c) 2010 AFP
Citation:
S.Korea's OCI announces solar panel expansion plan (2010, December 8)
retrieved 18 April 2024
from https://phys.org/news/2010-12-skorea-oci-solar-panel-expansion.html
This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no
part may be reproduced without the written permission. The content is provided for information purposes only.
