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LG Chem suspends planned polysilicon plant

December 06/2011

(Reuters) -- LG Chem Ltd said on Friday that it has suspended a plan to build a polysilicon production plant because of worsening market conditions.

In June, South Korea"s largest chemical company said it would invest 491 billion won (USD435 million) to construct a 5,000-tonne-per-year polysilicon plant.

Polysilicon is a key material used to the production of solar panels.
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