Tuesday, April 1, 2008

Globe Specialty Metals Inc. to produce polysilicon in China

Globe Specialty Metals Inc. has signed investment agreement with Shengji Silicon to build polysilicon project in Baoshan Yunnan, China.

The total investment will be 1.1 billion RMB, and the first phase project will have capacity of 50,000 ton metal silicon and 2,000 ton polysilicon, and the first phase project will be completed by the end of July 2009. The whole project will be completed at the end of 2010, and then the total production capacity will be 100,000 ton metal silicon and 5,000 ton polysilicon.

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