Hanwha officially exits polysilicon business

Hanwha Solutions has confirmed that it will shut down its polysilicon business over the course of the next year, only a week after saying that it was still evaluating its plans for the sector.

Hanwha Solutions has confirmed plans to exit the polysilicon production sector, telling pv magazine this week that it will finish shutting down its polysilicon unit by February 2021.

The statement comes just a week after Hanwha Solutions – a unit of South Korea’s Hanwha Group – told pv magazine that it was still “examining the situation” with its polysilicon business. The company entered the industry in April 2011.

Separately, South Korean polysilicon manufacturer OCI said in January that it would maintain operational capacity of just 6,500 metric tons (MT) of its annual polysilicon production capacity in South Korea, now estimated at 52,000 MT.

China’s Ministry of Commerce said in mid-January that anti-dumping duties on U.S. and South Korean polysilicon shipments would remain in place for another five years.

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