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Hanwha Chemical building a polysilicon plant in South Korea

April 01/2011

(Plastemart) -- Hanwha Chemical Corp. is considering building a polysilicon plant in South Korea as it pursues a goal of more than doubling sales. Constructing the plant in South Korea may make it easier to operate and staff and open new customer bases, hence it is unlikely that the plant will be located (as reported) in USA or Canada to gain from lower power costs.

Orders for solar-power equipment are estimated to rise as governments take steps to cut carbon emissions blamed for global warming. Hanwha acquired almost half of Solarfun Power Holdings Co., a Chinese maker of solar components, in 2010.

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