As solar panels pile up, China takes axe to polysilicon firms
Aug 1, 2013
HONG KONG (Reuters) ― Three quarters of China’s solar-grade polysilicon producers face closure as Beijing looks to overhaul a bloated and inefficient industry, resulting in fewer but better companies to compete against Germany’s Wacker Chemie AG and South Korea’s OCI Co Ltd. The polysilicon sector, which has around 40 companies employing 30,000 people and has received investment of 100 billion y...