Since 2019, Shanghai CNC has invested in the construction of photovoltaic monocrystalline silicon business, and its production capacity has continued to expand, and the demand for raw materials has gradually increased during the production process. In order to ensure the supply of raw materials, the company will make efforts in Inner Mongolia.

On March 9, 2022, Shanghai CNC issued an announcement. The announcement showed that the company invested in the construction of a project with an annual output of 150,000 tons of high-purity industrial silicon and 100,000 tons of high-purity crystalline silicon in Jinshan Industrial Park, Guyang County, Baotou City, Inner Mongolia Autonomous Region. The total investment of the project It is expected to be 11.8 billion yuan. The entire project is divided into two phases for specific implementation. The first phase has a design capacity of 80,000 tons of high-purity industrial silicon project and 50,000 tons of high-purity crystalline silicon project. The total investment of the project is expected to be 6 billion yuan. The second phase of the project will be advanced according to market conditions. It is expected to reach production in 2024.

Shanghai CNC said that the company's investment is a project with an annual output of 150,000 tons of high-purity industrial silicon and 100,000 tons of high-purity crystalline silicon. High-purity crystalline silicon is the company's raw material for producing monocrystalline silicon, and high-purity industrial silicon is the raw material for producing high-purity crystalline silicon. At present, the market supply of raw material polysilicon is relatively tight, and the price increase is relatively large. The company's monocrystalline silicon production capacity continues to expand, and the existing monocrystalline silicon production capacity has reached 30GW, and the demand for raw materials has gradually increased during the production process.

This investment will help the company obtain new channels for stable supply of silicon materials and ensure the supply of raw materials; it will help the company strengthen its advantages in raw material quality assurance, supply cycle, transportation costs, etc., and ensure the safety and stability of production and operation; It is beneficial for the company to seize the development opportunities of the silicon material market and further enhance the company's comprehensive competitiveness and profitability. Editor/Sang Xiaomei