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GCL-Poly Energy unit to form JV for monosilicon ingots biz
  [Nomad Investors 11 April 2018]  GCL-Poly Energy (03800) said its subsidiary  
GCL-Poly (Suzhou) New Energy Co., Ltd. entered into a non-legally binding investment  
agreement with the Qujing Municipal People's Government in the People's Republic of China 
and the Management Committee of the Qujing Economic and Technological Development Zone. 
GCL-Poly Suzhou agreed to establish, together with strategic partners, a joint venture  
company for the purposes of setting up a monocrystalline silicon manufacturing facility 
for the research and development, production and sale of monosilicon ingots with a  
designed capacity of 20 gigawatts in Qujing, the People's Republic of China. Qujing 
Government and the QETDZ Management Committee will facilitate the construction of the 
manufacturing facility. The intended total investment for the JV will be about Rmb9 
billion. The manufacturing facility will be implemented in two phases of 10 gigawatts 
each. 
  GCL-Poly Energy  intends to allow the JV to use its CCZ constant czochralski monosilicon
technology in the production of the products.

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