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REC Silicon ASA announces fourth quarter 2016 results

2017-02-17 14:27:51  【Print】
BEIJING (Asian Metal) 17 Feb 17 - On February 16, 2017, REC Silicon ASA (REC Silicon) reported fourth quarter revenues of USD 80.Asian Metal Copyright The Yulin joint venture JV plant remains on target for start-up in H2 of 2017.Asian Metal Copyright4 million, up from USD 50.Asian Metal CopyrightBEIJING Asian Metal 17 Feb 17 - On February 16, 2017, REC Silicon ASA REC Silicon reported fourth quarter revenues of USD 80.Asian Metal Copyright9 million in the previous quarter.Asian Metal Copyright2kg and similar cash cost is expected in the first quarter of 2017.Asian Metal Copyright The corresponding EBITDA during the fourth quarter increased to USD 4.Asian Metal Copyright9 million compared to a loss of USD 7.Asian Metal Copyright9 million compared to a loss of USD 7.Asian Metal Copyright The Yulin joint venture JV plant remains on target for start-up in H2 of 2017.Asian Metal Copyright9 million in the previous quarter.Asian Metal CopyrightSilicon gas sales volumes increased to 882 MT, recording a rise compared with the 772 MT in Q3.Asian Metal Copyright The company also reported a December 31, 2016 cash balance of USD 65.Asian Metal Copyright The company also reported a December 31, 2016 cash balance of USD 65.Asian Metal Copyright8 million.

Polysilicon sales of 3,801 MT were above expectations and finished goods inventory decreased by 585 MT during the fourth quarter.Asian Metal Copyright8 million.Asian Metal Copyright Silicon gas sales volumes increased to 882 MT, recording a rise compared with the 772 MT in Q3.

The company, which has made successful efforts to maintain liquidity and reduce costs, reported Q4 FBR cash cost at $11.2/kg and similar cash cost is expected in the first quarter of 2017.

The Yulin joint venture (JV) plant remains on target for start-up in H2 of 2017.Asian Metal Copyright JV employees from China have completed their training in Moses Lake and Butte.Asian Metal Copyright JV employees from China have completed their training in Moses Lake and Butte.Asian Metal Copyright Polysilicon sales of 3,801 MT were above expectations and finished goods inventory decreased by 585 MT during the fourth quarter.Asian Metal Copyright The company has successfully negotiated a deferral of the $15 million capital contribution in the JV until at least July 2017, with ongoing negotiations with the company's JV partner to defer the company's remaining $154 million capital contribution until after 2018.

.Asian Metal CopyrightSilicon gas sales volumes increased to 882 MT, recording a rise compared with the 772 MT in Q3.Asian Metal Copyright

Silicon Metal

4-4-1 CIF India

Unit:USD/mt
China''s organosilicon producers'' number (ratio) MoM consumption increase for silicon metal statistics by province by month
Unit: %
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