Wacker polysilicon sales dip as customers walk away from PV

Wacker Chemie – the Munich-based chemicals giant and the world’s second-largest maker of PV-grade polysilicon – says its operating profit fell more than 21% last year as a number of its solar customers exited the industry.

Despite another record-breaking year for global PV additions, driven in large part by an end-of-year spurt of demand, Wacker’s polysilicon division saw its fourth-quarter sales drop 32% to €255m ($335.8m).

“The decline in semiconductor and solar demand was stronger than we had expected, and caused Q4 figures to come in below our estimate,” says chief executive Rudolf Staudigl.

Wacker says many of its customers were busy clearing their bloated inventories, while many others simply walked away from the PV game altogether – lending credence to the notion that dozens of polysilicon Log in to read complete article.

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