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GCL-Poly Energy Holdings (HKG:3800) Announce Polysilicon Production Volume for 3Q 2009 reached 1,993MT, QoQ Increase of 68.9%
GCL-Poly Energy Holdings (HKG:3800) Announce Polysilicon Production Volume for 3Q 2009 reached 1,993MT, QoQ Increase of 68.9%
Hong Kong, Nov 5, 2009 AEST (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.
Polysilicon Production Volume Growth (MT)
--------------------------------
                     4Q07 
                     154
--------------------------------
1Q08   2Q08   3Q08   4Q08
302    359    565    624
--------------------------------
1Q09   2Q09   3Q09   Oct-09
1,094  1,180  1,993  About 1,000
--------------------------------
For more information about GCL-Poly, please visit the company's website at www.gcl-poly.com.hk

About GCL-Poly Energy Holdings Limited

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

Ms. Sharis Siu
Tel: (852) 3150 6771
Email: sharis.siu@pordafinance.com.hk

Ms. Ada Leung
Tel: (852) 3150 6732
Email: ada.leung@pordafinance.com.hk


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