Poly giant Wacker sees solar headwinds

Germany’s Wacker Chemie de-emphasised its future reliance on PV, as it said that consolidation and protectionism within the global solar industry mean the company will not return to sales growth until 2014 at the earliest. 

Despite selling 20% more polysilicon in 2012 than the year prior – 38,000 metric tonnes in total – revenues within Wacker’s polysilicon division fell 21.5% to €1.14bn ($1.48bn).

Earnings before interest, taxes, depreciation and amortisation (EBITDA) within the polysilicon unit fell more than 40% to €427.5m as polysilicon prices plunged.  

The price decline for polysilicon eroded sales by at least €700m, Wacker claims.  Wacker, which competes with players like GCL-Poly, OCI and Hemlock Semiconductors in the PV-grade polysilicon space, confirms that a number of its solar customers exited the industry last…

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login