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
Polysilicon sales of 3,801 MT were above expectations and finished goods inventory decreased by 585 MT during the fourth quarter . 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 . JV employees from China have completed their training in Moses Lake and Butte . 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.
. 4 million, up from USD 50 . 9 million in the previous quarter . The corresponding EBITDA during the fourth quarter increased to USD 4 . 9 million compared to a loss of USD 7 . 9 million in the previous quarter . The company also reported a December 31, 2016 cash balance of USD 65 . 8 million.
4-4-1 CIF India
China''s organosilicon producers'' number (ratio) MoM consumption increase for silicon metal statistics by province by month