On August 30, Haidong Red Lion Silicon-based New Material Project held a commencement ceremony, which mainly focuses on the construction of industrial silicon production line and the improvement of Siemens polysilicon production line to help Qinghai build a national clean energy industry highland. The silicon-based new material project
of Haidong Red Lion Semiconductor Co., Ltd. is divided into three phases, of which the first phase is to build 150,000 tons of industrial silicon and 100,000 tons of polysilicon production facilities; the second phase is to build 100,000 tons of industrial silicon and 100,000 tons of polysilicon production facilities; the third phase is to build 3 × 5 GW pulling silicon wafer production line. In March
this year, the project of Qinghai Province was resumed and the commencement ceremony of "Haidong Red Lion Silicon-based New Material Industrial Park Project" was held in Haidong City. Haidong Hongshi Silicon-based New Material Industrial Park project, with a total investment of 29.5 billion yuan, will be divided into two phases to build an annual output of 200000 tons of polysilicon, 250000 tons of industrial silicon and supporting waste heat power generation facilities. This project is another polysilicon project invested and constructed by Red Lion Group in Qinghai after the acquisition of Asia Silicon Industry (Qinghai) Co., Ltd. to implement the national "double carbon" strategy and "zero carbon" Qinghai target. Wang Tihu, chairman of Hongshi Group Asia Silicon Industry (Qinghai) Co., Ltd., said that the first phase of the project will build 150000 tons of industrial silicon and 100000 tons of polysilicon, which is a linkage industry. It is expected to be completed and put into operation in June 2024, with annual sales revenue of about 18 billion yuan and about 1800 jobs. According to
public information, Haidong Red Lion Semiconductor Co., Ltd. is a wholly-owned subsidiary of Red Lion Holding Group Co., Ltd. Red Lion Group is one of the top 500 enterprises in China, one of the top 500 private enterprises in China and one of the twelve national large-scale cement enterprises supported by the state. It has three major sectors of cement, environmental protection, finance and similar financial investment, with total assets of 68 billion yuan and more than 17000 employees.
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