Chinese Polysilicon Giant Tongwei Initiates Acquisition to Drive Solar Consolidation

Tongwei Co., a leading Chinese polysilicon producer, has announced plans to acquire a smaller domestic competitor. This strategic merger and acquisition (M&A) initiative is explicitly designed to address the persistent oversupply within the solar panel material industry and accelerate market consolidation. The move by Tongwei underscores a broader trend of rationalization within China's solar sect

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Source: https://www.bloomberg.com/news/articles/2026-02-25/china-s-tongwei-bids-to-buy-rival-and-hasten-solar-consolidation

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