GCLSI: Complete Closure of Ingot Silicon Production (Siemens Process) by the End of 2023

PVTIME – GCL System Integration Technology Co (GCLSI) (002506.SZ), a leading photovoltaic (PV) company in China, recently announced that it intends to shut down all of its high-cost Siemens process plants by the end of 2023 and switch to granular silicon production with high gross margin.

GCLSI also disclosed that it produced a total of 104,723 hectares of polysilicon and 46.66GW of mono-crystalline silicon wafers in 2022, up 120% and 22.4% respectively year-on-year.