Daqo New Energy's Subsidiary Xinjiang Daqo Announces Investment Agreement To Establish Polysilicon And Silicon Metal Project To Integrate Upstream Supply
Portfolio Pulse from Benzinga Newsdesk
Xinjiang Daqo, a subsidiary of Daqo New Energy, has entered into an investment agreement to establish a new project for polysilicon and silicon metal production. This move aims to integrate the upstream supply chain for the company.
December 13, 2023 | 11:01 am
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Daqo New Energy's subsidiary, Xinjiang Daqo, has signed an investment agreement for a new polysilicon and silicon metal project, which is expected to enhance the company's upstream supply chain integration.
The investment in a new polysilicon and silicon metal project by Xinjiang Daqo is likely to be viewed positively by investors as it suggests a strategic move to strengthen Daqo New Energy's position in the supply chain. This could lead to improved cost efficiencies and a more secure supply of raw materials, which is crucial for the company's core business of solar-grade polysilicon production. The news is directly related to Daqo New Energy and is significant for the company's future operations and profitability.
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