Thursday, September 13, 2007

Large poly-silicon and monocrystal silicon facility starts construction in Inner Mongolia

Xinhua Economic News Service, September 12, 2007 Wednesday 10:30 AM EST

HOHHOT, Sept. 12 (CEIS) – A large project for production of polycrystalline silicon and monocrystal silicon for solar energy use has started construction in the Baotou Rare Earth High-tech Zone in north China’s Inner Mongolia Autonomous Region.

The project, launched by the Beijing Zhongjing Huaye Technology Co Ltd, has a total investment of 1.23 billion yuan, of which 1.03 billion yuan are funds for fixed assets.

Upon completion, the project is expected to generate sales revenue of 4.82 billion yuan, and total taxes and profits of 2.43 billion yuan.

It is designed to be constructed in three phases. The first phase construction has an investment of 197 million yuan, and an area of more than six hectares, which will be completed and start production in the first quarter of 2008, with designed production capacity of 32.40 million pieces of polycrystalline silicon wafer, and sales revenue of 2.75 billion yuan.

The second phase construction will start in April of 2008 with an investment of 140 million yuan. It is designed to become operational in the end of 2008, with designed capacity of 10.80 pieces of polycrystalline silicon wafer and sales revenue of 864 million yuan.

The third phase construction will start in the end of 2008 and operation in the end of 2010, with production capacity of 1,200 tons of polycrystalline silicon for solar energy use.

Baotou city has rich resources of silicon ore, with verified reserves of 220 million tons.

The Beijing Zhongjing Huaye Technology Co Ltd is a state-owned import and export company under the China National Arts & Crafts ( Group) Corporation.

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