CHONGQING, China, Feb. 5, 2018 /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 announced that its polysilicon order book
for 2018 is already 90.2% filled with the signing of multiple
long-term contracts with Chinese solar manufacturing
companies.
The Company has entered into multiple long-term contracts with
pre-fixed purchase volumes and floating purchase prices that can be
negotiated on a monthly basis. As the supply of ultra-high-quality
polysilicon for mono wafer is expected to tighten throughout 2018,
the Company expects to collect pre-payments from a number of
customers that are eager to secure their orders.
Mr. Longgen Zhang, Chief Executive Officer of Daqo New Energy,
commented "I'm pleased to see that our polysilicon order book for
2018 is 90.2% filled just one month into the year. I believe that
it demonstrates the effectiveness of our strategy to turn ourselves
into a reliable and preferred supplier for many top-tier Chinese
solar manufacturers. We will continue to invest in technology to
further enhance our operation efficiency and improve the quality of
our polysilicon, while at the same time increase our capacity
through overall expansion, innovation and equipment
upgrades."
About Daqo New Energy Corp.
Founded in 2008, Daqo New Energy Corp. (NYSE: DQ) is a leading
manufacturer of high-purity polysilicon for the global solar PV
industry. As one of the world's lowest cost producers of
high-purity polysilicon and solar wafers, the Company primarily
sells its products to solar cell and solar module manufacturers.
The Company has built a manufacturing facility that is technically
advanced and highly efficient with a nameplate capacity of 18,000
metric tons in Xinjiang, China.
The Company also operates a solar wafer manufacturing facility in
Chongqing, China.
For further information, please contact:
Daqo New Energy Corp.
Investor Relations
Phone: +86-187-1658-5553
Email: dqir@daqo.com
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SOURCE Daqo New Energy Corp.