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INDUSTRIAL | Manufacturing / Industrial Equipment & Component Manufacturing
wuxisj.com

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Founded Year

2002

Stage

IPO | IPO

Date of IPO

12/28/2018

About Wuxi Shangji Automation

Wuxi Shangji Automation (SHA: 603185) is a high-end intelligent equipment manufacturing company that focuses on the R&D, production, and sales of precision machine tools. Its products include cylindrical grinding machines, solar photovoltaic equipment, material processing equipment, and more.

Wuxi Shangji Automation Headquarter Location

No.158, Nanhu Middle Road Binhu District

Wuxi, Jiangsu, 214128,

China

+86 0510-85958787

Latest Wuxi Shangji Automation News

Daqo Secures Polysilicion Contract With Wuxi Shangji

Aug 25, 2020

Daqo New Energy Signs Polysilicon Supply Contract For 21,600 MT To 32,000 MT With PV Equipment Maker Wuxi Shangji Automation 07:23 PM (Beijing Time) - 25. August 2020 Polysilicon short supply fears are currently plaguing the PV industry. At such a time, Daqo New Energy has announced securing a long term contract with PV equipment and mono-wafer supplier Wuxi Shangji Automation. (Photo Credit: TaiyangNews) Key Takeaways Between 2020 and 2022, Daqo New Energy will supply 21,600 MT to 32,000 MT high purity polysilicon under a contract Wuxi Shangji Automation will pay an advance amount to the company under the agreement whose actual price will be negotiated on a monthly basis The contract starts from September 2020 and be completed in 3 batches till 2022 Related Articles (12. September 2019) (09. August 2019) (26. February 2019) Polysilicon producer Daqo New Energy has bagged a contract to supply high purity polysilicon supply under a long term agreement with high-end intelligent solar PV equipment manufacturer Wuxi Shangji Automation that owns a mono-wafer manufacturing business as well. The contract is for a total amount of between 21,600 MT to 32,000 MT and will run till 2022 with the actual price to be negotiated by both the partners on a monthly basis as per market conditions. Wuxi Shangji will pay an advance amount to Daqo which was not shared. The entire delivery will be made in 3 batches of 2,400 MT to 3,200 MT between September 2020 to December 2020, followed by 9,600 MT to 14,400 MT in 2021 and 9,600 MT to 14,400 MT in 2022. Wuxi Shanji’s Chairman Jianliang Yang said in keeping with the fast growing demand for high-efficiency mono wafer products, the company will continue to execute its capacity expansion plan in the sector with Daqo as one of its key raw material providers. Polysilicon supply has become a hot discussion topic in the PV industry of late as it is expected to be not enough to suffice the massive expansion plans of practically all module makers in the short run. While sharing its recent Q2/2020 financial guidance, the Daqo management suspected polysilicon demand to outstrip supply over 15 months to 18 months (see Daqo Sold More Polysilicon Than Guided In Q2/2020 ). Daqo expects to exit the year 2020 having produced between 73,000 MT to 75,000 MT a multifold increase from 41,556 MT it produced in 2019 (see Daqo Polysilicon Sales Grew in 2019 As Net Income Dropped ). Anu Bhambhani

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