South Korea: The solar industry is on the verge of collapse!
-Woongjin Energy loses to Chinese company-
Seoul Bankruptcy Court:
It advised Woongjin Energy to stop the corporate revitalization process.
Korean solar industry:
The “Korean solar wafer and ingot manufacturer” has completely collapsed.
Woongjin Energy:
Established in 2006 as a joint venture between Woongjin Group and SunPower.
And It lost the competition with Chinese companies.
In the solar power industry,
polysilicon is turned into ingots and wafers and these are turned into solar cells and modules for use in solar power generation.China’s current market shares in the ingot and wafer segments amount to 95 percent and 97 percent, respectively.
In other words,
it is extremely hard for non-Chinese companies to survive in the industry.The industry can be roughly divided into three sections.
The upstream market covers polysilicon, ingots, wafers, and other materials and components,
the midstream market is related to solar cells and modules,
the downstream market is about equipment, construction, repair and maintenance.
In the past, South Korean companies were found in every value chain.
Now, on the other hand, polysilicon supplier OCI is the only one remaining there.
– Businesskorea
http://www.businesskorea.co.kr/news/articleView.html?idxno=96884
Corée du Sud : L’industrie solaire est au bord de l’effondrement !
-Woongjin Energy perd face à une entreprise chinoise-
Tribunal des faillites de Séoul :
Il a conseillé à Woongjin Energy d’arrêter le processus de revitalisation de l’entreprise.
Industrie solaire coréenne :
Le “fabricant coréen de plaquettes et de lingots solaires” s’est complètement effondré.
Énergie Unjin :
Fondée en 2006 en tant que joint-venture entre Woongjin Group et SunPower.
Et j’ai perdu la concurrence avec les entreprises chinoises.
Südkorea: Die Solarindustrie steht vor dem Kollaps!
-Woongjin Energy verliert gegen chinesisches Unternehmen-
Insolvenzgericht Seoul:
Er riet Woongjin Energy, den Revitalisierungsprozess des Unternehmens zu stoppen.
Koreanische Solarindustrie:
Der „koreanische Hersteller von Solarwafern und Ingots“ ist komplett zusammengebrochen.
Unjin-Energie:
2006 als Joint Venture zwischen der Woongjin Group und SunPower gegründet.
Und ich habe den Wettbewerb mit chinesischen Unternehmen verloren.
Lost to China and South Korea, the solar energy industry is in an emergency and the manufacturer has fallen
2022-07-20 11:40:52
Reporter Chen Ling reported that
China is firmly in the top position in the global solar energy industry,and South Korean players cannot beat the Lu factory, and the situation is urgent.
South Korean company Woongjin Energy is about to go bankrupt, leaving South Korea with one less solar manufacturer.
-Taiwan TV Finance MoneyDJ News
https://www.ttv.com.tw/finance/view/?i=07202220114037ABF6DFB4294EAFB4CF59CD0DD597B8956B&from=587