Daqo New Energy announces Phase 3B expansion plan for Xinjiang plant
Daqo New Energy yesterday announced that the board of directors has officially approved the company's Phase 3B expansion plan for its polysilicon facilities in Xinjiang. The Phase 3B Project is expected to increase the company's polysilicon annual nameplate capacity from the current 18,000 MT to 25,000 MT. By adopting additional technology improvement and debottlenecking projects, the company said it may be able to further increase its capacity to 30,000 MT per annum by the end of 2019. The company expects to complete project design and initial preparation works for the Phase 3B Project by the end of 2017, complete constructions and installations by the end of 2018, start pilot production in the first half of 2019 and reach full capacity by the end of the second quarter of 2019.