Hong Kong, Nov 5, 2009 (ABN Newswire) - GCL-Poly Energy Holdings Limited ("GCL-Poly" or the "Company", HKG:3800) is pleased to announce that the polysilicon production volume has reached 1,993 MT for the third quarter of 2009, an increase of 253% from 565 MT compared with the same period last year and a rise of 68.9% from 1,180 MT compared with the second quarter 2009; the polysilicon production volume for the first three quarters of 2009 is 4,266 MT, an increase of 248% from 1,226 MT compared with the same period last year.
The sales of polysilicon for the first three quarters of 2009 is satisfactory, over 70% of which is sales to customers under the long-term contracts and other significant customers.
The polysilicon production of the Company is on schedule and the production volume for October 2009 is approximately 1,000 MT.
GCL-Poly Energy Holdings Limited is a world leading polysilicon manufacturer for the solar industry and a leading integrated green energy enterprise in China. Production capacity of GCL Solar, a subsidiary of the Group, is expected to reach 18,000 metric tonnes of polysilicon by the end of 2009, and 1 GW of solar wafers by mid 2010. In addition, the Group operates a total of 18 cogeneration power plants, 1 incineration power plant and 1 windpower plant. Most of these plants are located in Jiangsu and Zhejiang provinces with strong economic growth and robust demand for electricity and steam. All these plants are advocated and encouraged by Chinese government.
For more information about GCL-Poly, please visit the company’s website at http://www.gcl-poly.com.hk
Contact
Press Enquiry: GCL-Poly Energy Holdings Limited: Mr. Zhou Jiangbo Tel: (852) 3761 3120 Email: zhoujiangbo@gcl-power.com.hk
Ms. Stephanie Lau Tel: (852) 3761 3145 Email: stephanielau@gclsolarenergy.com
Porda International (Finance) PR Group Ms. Harriet Lau Tel: (852) 3150 6761 Email: harriet.lau@pordafinance.com.hk
GCL-Poly Energy Holdings Limited
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