Samsung Fine Chemicals MEMC joint venture polysilicon

Samsung Fine Chemicals and MEMC joint venture for polysilicon

3:52 PM, 8th June 2011
Samsung Fine Chemicals and MEMC joint venture for polysilicon

SEOUL, SOUTH KOREA/ST PETERS, US: Samsung Fine Chemicals (SFC) and MEMC Electronic Materials Inc announced a joint venture agreement between SFC and MEMC’s affiliate, MEMC Singapore, to produce high purity polysilicon in Ulsan, Korea.

 

Through a 50/50 capital investment, the JV will build and operate a new facility on an existing SFC property in Ulsan.  The facility, which is expected to begin production in 2013, will have an initial capacity of 10,000 metric tons (MT) of polysilicon annually and have the potential to expand to satisfy rapid growing demand over time.

 

The collaboration seeks to provide polysilicon to support growth initiatives as well as minimize business risk by ensuring cost and quality competitiveness through the combination of MEMC and SFC’s advanced technology and processing infrastructure. With this SFC marks its entry into the fast moving renewable energy market and establishes a new engine for long-term growth. The partnership will support MEMC’s internal growth commitments and give them yet another tool to support customers in the region.

© WOC News

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