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[Alpha Biz=(Chicago) Reporter Paul Lee] OCI Holdings has expanded its business in Malaysia. It will invest more than 1 trillion won in Malaysia to increase production capacity of polysilicon, chloralkali (CA) and epichlorophyll (ECH).
The ESG (Environmental, Responsibility, Transparent Management) department was also established in the local corporation. According to the business community on the 31st, OCI will sign a joint venture agreement (JVA) with Tokugawa as early as November. A joint venture will be established in Malaysia early next year.
The OCI· Tokuyama joint venture plans to produce 11,000 tons of polysilicon semi-finished products for semiconductors from the first half of 2026.
The factory will be located on the OCIM (OCI Malaysia) site of the Samala Industrial Complex in Sarawak, Malaysia, located in the northern part of Borneo Island. OCIM is a 100% subsidiary of OCI Holdings and OCI is owned by Holdings with a 33.25% stake.
OCIM is also planning to expand its facilities. The solar polysilicon plant will expand from 35,000 tons per year to 65,000 tons by 2027. OCIM also plans to increase CA production capacity by 100,000 tons. The target is 2025.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
