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flag OCI Holdings buys 65% of a Vietnamese solar wafer plant for $120M, targeting U.S. market compliance and tax incentives.

flag OCI Holdings is expanding into the U.S. solar wafer market by acquiring a 65% stake in a Vietnamese plant through its Singapore-based subsidiary OCI ONE. flag The $120 million investment, with $78 million from OCI ONE, supports a 2.7 gigawatt facility set to complete by October 2025, with trial operations beginning soon after and full production of Non-PFE wafers expected early next year. flag The plant can double capacity to 5.4 GW within six months with an additional $40 million. flag All wafers will use polysilicon from OCI TerraSus, forming a vertically integrated supply chain. flag The production complies with U.S. Non-PFE standards under the One Big Beautiful Bill Act, qualifying for American tax incentives and meeting rising demand for U.S.-compliant solar materials.

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