An additional 10,000 tonnes of capacity is set to enter production by the third quarter.

The Seoul-based company expects the polysilicon market to “grow steadily,” as current demand is set to surpass its annual supply of 42,000 tonnes per year, a spokesperson tells Recharge.

Last August, OCI said it would delay a 116.5bn won ($103.8m) plan to expand polysilicon production at its factory in the city of Gunsan due to uncertain business conditions.