Daqo New Energy (www. dqsolar. com) is a subsidiary of the Daqo Group and was founded by Mega Stand International Ltd. in January 2008. The company built a high-purity polysilicon factory with an annual output of 3300 tons in the first phase of construction in Wanzhou. The first polysilicon production line, with an annual output of 1500 tons, started operation in July 2008. Production capacity in 2009 was 3300 tons and reached more than 4300 metric tons at the end of 2011. In Q4 2012, expansion Phase 2 with 3000 metric tons came online, and according to the company it will reach a total production capacity of 9300 metric tons at the end of 2013. The company invested in the downstream business, ranging from wafers, cells, modules and projects. At the end of 2011, it had a manufacturing capacity of 125MW wafers and 100MW modules. Polysilicon shipments of 3585 metric tons were reported for 2012.