Tongwei Group

The rock to rule the world.

It sure is a sign of the times when a Chinese fabric company has a polysilicon producing subsidiary.

Jiangyin, China-based JiangSu Sunshine Co., also known as China's largest wortsted and wool fabric company—which produces 350,000 premium men's suits a year—has apparently advanced $121.4 million with the intention of buying polysilicon making equipment for its subsidiary Ningxia Sunshine Silicon Co., which plans to output a relatively paltry 4,000 tons of polysilicon per year compared to larger plants.

This bit of news comes at an interesting time for polysilicon.