Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

GCL Poly Plans to Cut Production Costs 25% This Year, SCMP Says

May 17 (Bloomberg) -- GCL-Poly Energy Holdings Ltd. plans to cut production costs by 25 percent this year as profit margins are squeezed by declining prices for its products, the South China Morning Post said, citing Chief Financial Officer Tong Yee-ming.

The Jiangsu province-based company aims to cut production costs, excluding raw materials, to 20 cents a watt by year-end from 27 cents, and cut the cost of making polysilicon to $20 a kilogram from $22.50, the Hong Kong-based English-language newspaper reported today.

Story Link:{NSN LLB18H6JIJV7<GO>} Link to Company News:{3800 HK <Equity> CN <GO>}

To contact the editor responsible for this story: Joshua Fellman at jfellman@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.