GCL-Poly ranked No.1 producer of Polysilicon in China
GCL-Poly has announced 2009 financial results and detailed a major effort to diversify operations and move downstream into wafer and solar project development and GCL-Poly have complete new Polysilicon factory 15,000MT reached total capacity 18,000MT/year and will be expand 21,000MT by Dec. 2010 this is no 1 capacity of Polysilicon producers in China GCL-Poly expect wafer sales to contribute a majority of our revenues starting in 2010 who have started constructing in-house wafer and ingot manufacturing facilities and we target to ramp up wafer production capacity to 2 GW by end of 2010 with a production volume of 1.3 GW in 2010 Revenue from the sale of polysilicon and wafers amounted to RMB 2,537.1 million (US$371.6 million) and and RMB 262.3 million (US$38.4 million respectively) Results Highlights: Revenue increased by 23.7% to RMB4,355.6 million in 2009 from RMB3,521.4 million in 2008 Results affected by exceptional expense items inc...