Japanese chemical producer Tokuyama has signed an agreement with Thanh Binh Phu My JSC to build a $30 million polysilicon factory at the Phu My 3 Industrial Park in Vietnam's Ba Ria-Vung Tau province.

Tokuyama said the new factory should meet increasing demand for polysilicon. OCI already operates a polysilicon manufacturing facility in Malaysia. OCIM Sdn Bhd (OCIMSB), the Malaysian unit of OCI ...