Japanese chemical manufacturer Tokuyama has signed an agreement with Thanh Binh Phu My JSC to build a $30 million polysilicon plant in the Phu My 3 Industrial Park in Vietnam’s Ba Ria-Vung Tau province.
According to a government press release, Tokuyama will lease 5 hectares of land for the factory, which will produce polycrystalline polysilicon for semiconductors and solar cells. No additional technical or financial details have been disclosed. The Japanese group first announced its plan to set up a polysilicon unit in Vietnam in February.
“Tokuyama will establish a wholly owned subsidiary in Vietnam to market and sell polycrystalline silicon semiconductor products in response to the planned expansion of production capacity in Malaysia,” it said at the time.
In Malaysia, Tokuyama plans to build a polysilicon plant in partnership with South Korea-based polysilicon producer OCI. OCIM Sdn Bhd (OCIMSB), the Malaysian unit of OCI, currently operates a polysilicon plant in Samalaju Industrial Park in Sarawak, Malaysia, which it acquired from Tokuyama in 2016.
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