News on acquisition

News on suppliers, market trends and technology innovations in polysilicon and wafer production is selected, assessed and written for you by Bernreuter Research.

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In the wake of the Covid-19 pandemic, U.S.-based polysilicon manufacturer REC Silicon has deferred the sale of its electronic-grade plant in Butte. Its solar-grade plant in Moses Lake remains closed.

Jiangsu Zhongneng’s polysilicon plant in Xuzhou, Jiangsu

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Two months after its announcement in early June, the sale of a 51% stake in Jiangsu Zhongneng, China’s largest polysilicon manufacturer, from parent company GCL-Poly to state-owned Shanghai Electric Group has failed.

Jiangsu Zhongneng’s polysilicon plant in Xuzhou, Jiangsu

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GCL-Poly has brought Shanghai Electric Group as a major investor on board to support the growth of GCL’s subsidiary Jiangsu Zhongneng, China’s largest polysilicon manufacturer.

Logo of SMP (Samsung MEMC Polysilicon Limited Partnership)

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GCL-Poly Energy Holdings has closed the acquisition of SunEdison’s Solar Materials Business, but has excluded SunEdison’s stake in the insolvent South Korean polysilicon company SMP from the deal.

Logo of SunEdison

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GCL-Poly Energy Holdings has announced that all conditions for acquiring SunEdison’s Solar Material Business have been met. Closing of the acquisition is expected on March 31, 2017.