Woongjin to Invest $734 Million for Polysilicon Expansion, Edaily Reports

Woongjin Group aims to spend 800 billion won ($734 million) by 2013 to boost its output capacity of polysilicon to 17,000 metric tons by 2013, Edaily Reported, citing Group Chairman Yoon Seok Kum.

Unlisted subsidiary Woongjin Polysilicon Co. completed its first plant in Korea today, which cost 620 billion won for an annual output capacity of 5,000 metric tons of the material used for solar cells, the Korean-language news provider said.

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