of February 7, Tongwei announced that the company intends to sign the Investment Agreement with the People's Government of Leshan City and the People's Government of Wutongqiao District of Leshan City, and reach cooperation on the company's new investment of about 6 billion yuan in Leshan City to build a high-purity silicon project with an annual output of 120000 tons and related supporting facilities.
The project will share part of the infrastructure with Leshan Phase I and Leshan Phase II projects of Sichuan Yongxiang New Energy Co., Ltd., and the investment cost will be reduced. The project is planned to start construction before the end of June 2023 and strive to be put into operation in 2024.
Tongwei said that the implementation of this project is in line with the company's development plan in high-purity silicon business, which is conducive to giving full play to the company's comprehensive advantages in technology, cost, quality and management, and further consolidating the company's leading position in the field of high-purity silicon.
In addition, this investment will further enhance the company's scale advantage and market share, and promote the efficient utilization of Leshan City's talent advantages as the birthplace of polysilicon in China and the advantages of resources such as hydropower and clean energy, so as to help Leshan City build a green Silicon Valley in China.
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