L R AS Published on Sunday 13 September 2020 - n° 331 - Categories:company results
Considerable half-yearly losses of GCL Poly
GCL-Poly reported a loss of $281 million in the first half of 2020, due to a 51% reduction in polysilicon production and historically low average selling prices due to weak demand. This loss is significantly higher than the $217 million previously envisaged.
The silicon and wafer portion of the business incurred a loss of $296 million.
GCL-Poly is undertaking major changes to its silicon and wafer production facilities as the market is rapidly moving towards P-type monocrystalline requirements and N.CfGCL Poly isinvesting heavily in the production of silicon
https://www.pv-tech.org/news/gcl-poly-posts-us281-million-loss-in-1h-2020-as-production-shifts-impact-revenue-and-profits
PV Tech of September1st
