OCI cancels Suntech polysilicon contracts while gaining confidence in the U.S.

On April 26, 2013, OCI, a South Korean polysilicon manufacturer, announced that it has canceled all three of its long-term polysilicon supply contracts with Suntech, which amounted to a total of $1.36 billion. Suntech Wuxi would have accounted for approximately 9% of OCI’s 2012 total revenue of $...

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