TCS is a chemical primarily used in the production of polysilicon, an essential raw material in the production of solar cells.
This acquisition enables SunSi to have access to sell approximately 25,000 metric tons (mt) of TCS per year without any territorial limitations worldwide; and as a result, SunSi expects to begin generating revenue immediately.
The successful consummation of the Baokai acquisition is a significant first step in SunSi’s business plan to control 125,000mt of TCS production in China.
Also, on 30 November 2010, the company had signed a definitive agreement to purchase a 60% interest in a TCS factory in Wendeng, China, which produces 20,000 mt of TCS (Wendeng).
The company expects to consummate the Wendeng acquisition in the first quarter of 2011.
