On morning of May 24, a grand ceremony was held at Rongcheng for signing of a 10,000-ton polysilicon project investment agreement by Tongwei Group, Juxing Group and the Government of Leshan City. The project is to fully leverage Leshan s technological, product-related and resources advantages in polysilicon, monosilicon, PV and silicone fine chemical production so as to push ahead rapidly the polysilicon project and upgrade forcefully the polysilicon strategy. The agreement indicated that Tongwei Group has officially joined hands with the Leshan government so as to build a silicon material industrialization base of China and even the whole world by combining their respective strengths. Also, this has laid a solid foundation for Tongwei Group to march into the PV sector and eventually become a world s largest polysilicon producer as well as company of clean energy.
The project under the agreement requiring a total investment of 5 billion yuan is designed to yield 10,000 tons of polysilicon per year. The implementation will be divided into three phases: Phase 1, with an annual capacity of 1,000 tons, is expected to be completed and put into operation on June 30 this year; Phase 2 and 3 are expected to be launched in July 2008 when Phase 1 project has been running up to the designed standards, and to be wrapped up in December 2009, thus adding 6,000 tons of capacity; the rest 3000 tons for Phase 3 is estimated to start at the end of the 11th Five-year Plan period. The entire project, when coming on stream, will constitute a gross annual output value of 10 billion yuan.
