SHANGHAI, Jan. 15, 2021 /PRNewswire/ -- Daqo New Energy
Corp. (NYSE: DQ) ("Daqo New Energy", the "Company" or "we"), a
leading manufacturer of high-purity polysilicon for the global
solar PV industry, today addressed comments in recent third-party
research reports and related news media about its exposure to risks
relating to forced labor.
Daqo New Energy wishes to reiterate that it has a zero-tolerance
policy towards forced labor in its own facilities and across its
supply chain.
Polysilicon manufacturing is a complicated chemical process
which is highly automated, digitalized and technology-intensive. It
requires highly trained personnel for its production lines and is
not labor-intensive. The Company considers the idea of employing
"forced labor" or "prison labor" as not only morally abhorrent but
also wholly inconsistent with its goals to be successful in terms
of safety, efficiency and costs. We
believe that solar professionals and anyone in the United States or elsewhere who has basic
understanding and common sense of the polysilicon industry will
likely share this view.
We locate our production facilities in Xinjiang in order to be
close to sources of raw materials and energy for polysilicon
production. We have built a world-class polysilicon facility in
Xinjiang to better serve the fast growing solar PV industry which
is one of the foundational industries necessary to reduce the
global carbon footprint. We call for rational and responsible
dialogue across the global solar PV industry. We welcome more
international collaboration and healthy competition. We need to
work together to combat climate change and elevate the prosperity
and social welfare of the communities in which our facilities are
based and elsewhere around the globe.
ABOUT DAQO NEW ENERGY CORP.
Daqo New Energy Corp. (NYSE: DQ) ("Daqo" or the "Company") is a
leading manufacturer of high-purity polysilicon for the global
solar PV industry. Founded in 2007, the Company is one of the
world's lowest cost producers of high-purity polysilicon. Daqo's
highly-efficient and technically advanced manufacturing facility in
China currently has a nameplate
annual polysilicon production capacity of 70,000 metric tons.
Safe-Harbor Statement
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, and as defined in the U.S. Private Securities Litigation
Reform Act of 1995. These forward-looking statements can be
identified by terminology such as "will," "expects," "anticipates,"
"future," "intends," "plans," "believes," "estimates" and similar
statements. Among other things, the statements from the Company
management in this press release and the Company's operations and
business outlook contain forward-looking statements. Such
statements involve certain risks and uncertainties that could cause
actual results to differ materially from those in the
forward-looking statements. Further information regarding risks is
included in Daqo's filings with the U.S. Securities and Exchange
Commission, including its annual report on Form 20-F. Except as
required by law, the Company does not undertake any obligation to
update any forward-looking statements, whether as a result of new
information, future events or otherwise.
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SOURCE Daqo New Energy Corp.