China's largest producers of polysilicon, a key material used to make solar cells, are working to set up a company to acquire struggling rivals, in an effort to stem a deepening supply glut and end a price war that has battered the country's solar industry.
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China's polysilicon majors plan to bail out rest of glut-stricken industry
Joint entity aims to help fix supply-demand imbalance of key solar cell material
A production line for solar panels at a GCL System Integration Technology factory in Hefei, Anhui province, China. After more than a year of collapsing prices, the largest producers of the solar cell material are banding together to absorb surplus capacity. (China Daily via Reuters)
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