The deal will see REC Silicon form a joint venture with Shaanxi Non-Ferrous Tian Hong New Energy Co., which is part of a conglomerate with assets totaling more than $17bn.
REC Silicon will transfer its industry-leading fluidized-bed reactor (FBR) polysilicon-production technology to the joint venture, for which Shaanxi Non-Ferrous Tian Hong will pay it $198m.
The two companies will then use the FBR technology at a new 19,000-metric tonne polysilicon factory planned for Shaanxi province.
