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July 24. 2013 11:00AM

GTAT expects to weather Chinese tariff retaliation aimed at U.S.


 

"Fortunately for GT, our largest polysilicon customer, Korea-based OCI, will have to pay only a very small 2.4 percent tariff on their polysilicon exported to China," said Jeff Nestel-Patt, spokesman for GT Advanced Technologies. "Though it is too early to tell, reduced levels of imported polysilicon from U.S. suppliers as a result of the tariffs could benefit producers from other countries such as OCI in Korea, who have the capacity to supply high-quality material."

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