Polysilicon once again represented the second-largest division within the Munich-based chemicals giant, trailing only the silicones unit, and accounted for 30% of the company’s €1.28bn ($1.81bn) third-quarter revenues.

Buoyed in particular by its long-term supply contracts with Asian customers, sales within Wacker’s polysilicon division were up 8% compared to the same quarter last year – despite the “extreme overcapacity and initial consolidation” underway in the downstream PV sector.

However,