Taiwna-based Sunlux Energy, which supplies reclaimed solar-grade polysilicon, will be listed on the local emerging stock market at an initial price of NT$28 (US$0.92) per share on November 6.
Prices for reclaimed solar-grade polysilicon are US$5-10/kg lower than regular solar-grade polysilicon, Sunlux chairman Alex Chuang said. Sunlux currently has a monthly capacity for 150-200 tons claimed solar-grade polysilicon and has so far shipped 2,000 tons in 2014, Chuang indicated.
As China has imposed anti-dumping and anti-subsidization tariffs on solar-grade polysilicon imported from the US, Europe and South Korea, and has banned such imports through its export processing zones, prices for such material in China are US$1.5-2.0/kg higher than in Taiwan, Chuang said.
Sunlux ships 70% of its output to the China market and supplies the remaining 30% for Taiwan-based solar wafer makers including AUO Crystal, Green Energy Technology, Sino-American Silicon Products, Giagstorage and Motech Industries, Chuang indicated.
Sunlux will extend production to PV conductive paste and initially begin production of PV silver-aluminum paste in the first quarter of 2015, Chuang said. Sales of PV conductive paste are expected to increase consolidated revenues by 30-40%, Chuang indicated.
Sunlux has paid-in capital of NT$234 million and posted consolidated revenues of NT$556 million, net profit of NT$26.4 million and net EPS of NT$1.21 for January-September of 2014.
