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Hesheng Silicon Industry spends 7.6 billion yuan to expand production and construction of organic silicon and industrial silicon projects

2021-09-10
Latest company news about Hesheng Silicon Industry spends 7.6 billion yuan to expand production and construction of organic silicon and industrial silicon projects

Hesheng Silicon Industry (603260) announced two expansion plans, with a total of 7.615 billion yuan invested in the construction of industrial silicon and organic silicon projects, all of which are located in the Stone Industrial Park of Shanshan County, Xinjiang.

Hesheng Silicon Industry is optimistic about the future demand for silicon raw materials. The company stated that in terms of organic silicon, in the long run, in addition to the continuous growth of demand for organic silicon raw materials in downstream traditional industries, energy-saving and environmental protection industries such as photovoltaics and new energy, construction of ultra-high voltage and ultra-high voltage power grids, smart wearable materials, 3D printing and The development of 5G and other emerging industries has provided new growth points for organic silicon, and the market demand for organic silicon will maintain a rapid growth trend.

In terms of industrial silicon, with the rapid growth of photovoltaic installations in the next few years, the new polysilicon production capacity will be gradually released. The construction of the above-mentioned industrial silicon projects will prompt the company to promote the continuous expansion and strengthening of the industrial silicon industry, effectively guaranteeing the rapid future of industrial silicon downstream Increase the demand for stable supply of raw materials, ease the survival pressure of enterprises in downstream industries, and promote the healthy and sustainable development of the industry.

Hesheng Silicon's business covers both organic silicon and industrial silicon. It is one of the companies with the most complete business chain and the largest production scale in the domestic silicon-based new materials industry. According to financial reports, as of the first half of the year, the company's industrial silicon production capacity was 730,000 tons/year, and organic silicon monomer production capacity was 930,000 tons/year. It is worth mentioning that Hesheng Silicon currently has business cooperation with Daquan Energy (688303), Xinjiang GCL New Energy Material Technology Co., Ltd. and other silicon companies in Xinjiang.

Hesheng Silicon's recent stock price has risen rapidly, with a year-to-date increase of 538.42%. The stock price has doubled in the last month and set a record price of 243 yuan per share on September 3. As of the close on September 8, the stock price closed at 212.48 yuan per share.

latest company news about Hesheng Silicon Industry spends 7.6 billion yuan to expand production and construction of organic silicon and industrial silicon projects  0