S.Korea's OCI announces solar panel expansion plan

December 8, 2010
OCI, South Korea's leading manufacturer of polysilicon used in solar panel cells, Wednesday announced plans to spend 1.88 trillion won (1.65 billion dollars) over the next two years to expand output.

OCI, South Korea's leading manufacturer of polysilicon used in solar panel cells, Wednesday announced plans to spend 1.88 trillion won (1.65 billion dollars) over the next two years to expand output.

The company said in a statement it would invest 1.6 trillion won to build a new plant by October 2012, and spend another 280 billion won expanding an existing plant.

OCI said the would expand its annual output capacity by 27,000 tonnes to the world's largest figure of 62,000 tonnes.

"The large-scale expansion is designed to support continuously increasing demand for high-purity products," it said in the statement.

Explore further: LG Display to invest $2.6 bln for flat screens

Related Stories

LG Display to invest $2.6 bln for flat screens

July 15, 2009

South Korea's LG Display Co., one of the world's top LCD panel makers, has announced it would invest 3.27 trillion won (2.6 billion dollars) to meet the growing demand for flat-screen televisions.

Hyundai-Kia's 3.28 bln dlr 'green' project plans

July 22, 2009

South Korea's Hyundai Motor and its affiliate Kia Motors Wednesday announced plans to invest 4.1 trillion won (3.28 billion dollars) by end-2013 to develop fuel-efficient cars and cut carbon emissions.

SKorea's Hynix finally swings to profit

October 23, 2009

South Korea's Hynix Semiconductor, the world's second largest memory chip maker, Friday announced a profit for the third quarter after seven straight quarters of losses.

Hynix reports sixth straight quarterly loss

April 24, 2009

South Korea's Hynix Semiconductor, the world's second-largest computer memory chipmaker, Friday reported a sixth straight quarterly loss due to weak chip prices sparked by a global recession.

Samsung to triple capital, R&D spending this year

May 17, 2010

(AP) -- Samsung Electronics said Monday it will more than triple investment in capital spending and research and development this year to a record 26 trillion won ($22.7 billion), betting on future growth despite questions ...

Recommended for you

Making AI systems that see the world as humans do

January 19, 2017

A Northwestern University team developed a new computational model that performs at human levels on a standard intelligence test. This work is an important step toward making artificial intelligence systems that see and understand ...

Firms push hydrogen as top green energy source

January 18, 2017

Over a dozen leading European and Asian firms have teamed up to promote the use of hydrogen as a clean fuel and cut the production of harmful gasses that lead to global warming.

WhatsApp vulnerable to snooping: report

January 13, 2017

The Facebook-owned mobile messaging service WhatsApp is vulnerable to interception, the Guardian newspaper reported on Friday, sparking concern over an app advertised as putting an emphasis on privacy.

0 comments

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.