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Sichuan 6.5 billion investment to create 9,000 tons of polysilicon production base annual

Tong Wei Group, the star group into the Engineering Company of China, Chengdu in China on an annual output of 9,000 tons of silicon the size of the project design at the ceremony. The total investment is 6.5 billion, more than half a year earlier than originally expected. Thus, through efforts to build a world-class superstar Wei polysilicon production base and a world-class construction of clean energy companies overall speed.

  This project is through Wei, star of this year on May 24 following the Leshan Municipal Government signed with the 10,000 tons of polysilicon project investment agreement, the formal and the design for the main body of the general contracting of international engineering companies for strategic cooperation, marking the original scheduled to start construction in July 2008 the second phase of 9,000 tons of polysilicon project officially entered the design, construction and implementation of the substantive phase, through efforts to build a world-class superstar Wei polysilicon production base and a world-class clean energy companies, engineering projects, from the full speed, in time more than six months earlier than expected. Tong Wei Group head Liu Hanyuan said, “The three together, the total investment will reach 6.5 billion yuan.”

   Tong Wei and Leshan Municipal Government signed the 10,000 tons of polysilicon project works to promote healthy development, it has invested nearly 700 million yuan of funds. Building construction from the current situation, is expected be completed in June 2008 production. And the signing of the 9000 ton polysilicon project Phase II. In accordance with the acceleration plan, first half of 2009 will form a production capacity of 10,000 tons.

   Project design contract shows that the scale of 9,000 tons of polysilicon project will build three annual yield capacity of 3,000 tons of polysilicon production line, which will refresh the one China’s largest polysilicon production lines of 1500 tons of history. The design process, construction scale, technical superiority and other aspects will be pioneered.

   Tong Wei Liu Hanyuan president told journalists together to create world-class superstar polysilicon production base and a world-class clean energy companies in accordance with the three-step vision:

   The first step, with 18 months to build the scale of 1,000 tons annual output of polycrystalline silicon project, the annual sales income 3.8 billion yuan (six months the project has been achieved ahead of schedule); second, with three years completed an annual output of 10,000 tons scale polysilicon project, China’s largest polysilicon manufacturers, the annual sales income reached 20 billion yuan; the third step, then 5 years, formed from polysilicon to solar module, solar power complete and powerful energy industry chain, and built world-class clean energy company with annual sales income of 500 to 800 billion yuan.

   Tong Wei, star of China into the Engineering Company, said at the signing ceremony will take full advantage of their respective advantages, cooperation, and build China, Asia and the world-class polysilicon production base and world-class clean energy companies, mutual boosting of PV industry’s rapid growth.

    The next 5 years, the world polysilicon prices cheap because of the involvement of enterprises in Sichuan half. 15, Tong Wei Group, the giant engineering Group and China into the company up to 9,000 tons of polysilicon annually on the scale of the project design at the signing ceremony, the current domestic polysilicon production accounted for only 0.3% -0.4% of global market structure will be completely rewritten, the world’s polysilicon prices led by the foreign companies will completely change the pattern.

With the rapid development of solar PV industry, polysilicon raw materials as a basis for the global shortfall of 6,000 tons per year. China’s current size of more than 1800 tons polysilicon production, but last year the demand for polycrystalline silicon solar business nearly 6,000 tons of basic imported, prices have been high, seriously affecting the information industry and the development of solar energy utilization.

Tong Wei Group, and the star by the formation of Sichuan Yongxiang Group AG is the largest polysilicon production and R & D base. This year in May, the company and the Leshan City signed 10 thousand tons of polysilicon project investment agreement, investment 6.5 billion yuan to build three yield capacity of 3,000 tons of polysilicon production lines, will refresh the largest polysilicon single production line of 1,500 tons of history, its design process, the scale of construction are all originated in China.

It is understood that the first half of 2009, the company will form a production capacity of 10,000 tons, annual sales income will reach 20 billion yuan.

    Tong Wei Company Profile:

    Tong Wei Co., Ltd. (hereinafter referred to as Company) is a Sichuan Tong Wei Feed Co., Ltd. to launch the establishment of an overall approach to change and set up the corporation. October 21, 2000, letter by the Sichuan Provincial People’s Government of Sichuan House [2000] No. 311, “Sichuan Provincial People’s Government on the establishment of Tong Wei Co., Ltd. Sichuan Reply” approval, Sichuan Tong Wei Feed Co., Ltd. to launch the establishment of the overall changes and formation through Wei Co., Ltd. Sichuan manner. Company’s total share capital of the Sichuan Tong Wei Feed Co., Ltd. ended August 31, 2000 letter by the Sichuan Province of China (Group) Co. accounting firm audited net assets of 11,188 million yuan, according to 1: 1 ratio into shares, a total of 11,188 million shares. Nov. 8, 2000, issued by the Sichuan Provincial Industry and Commerce Co., Ltd. Sichuan Tong Wei business license, (registration number: [5100001812986]). November 19, 2001, the State Administration for Industry to (country) name change nuclear [2001] No. 419 “Business Name Change Approval Notification” approved company name changed to “General Wei Co., Ltd..” Tong Wei Feed Co., Ltd. Sichuan, was established in December 8, 1995, when the company set up registered capital of 25 million yuan.

Business scope: production and sales of feed and feed additives, feed ingredients and finished products of veterinary drugs (excluding biological agents), fish supplies required; freshwater animal breeding and technical advisory services; agricultural and sideline products (excluding grain, cotton, cocoon, tobacco) ; agriculture-related project development; production of electronic components; Sales: computer, chemical products (excluding dangerous goods, control products); operation of the enterprises own products and related technologies export business; operations research needed for the original production and auxiliary materials, instruments, machinery equipment, spare parts and related technology import business (the state to limit and prohibit the import and export countries, except for goods and technology); operation of the enterprises processing with imported materials, and “to fill a” business.
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