Daqo New Energy Corp. (NYSE: DQ) ("Daqo New Energy" or the "Company"), a leading polysilicon manufacturer based in China, today announced its chief executive officer, Dr. Gongda Yao, received “2011 Chongqing Friendship Award” from Chongqing municipal government. This award was established in 2002 as the highest award to recognize foreign experts’ contribution to the city. Mr. Qifan Huang, Mayor of Chongqing City and Mr. Zhengqi Ma, Executive Vice Mayor, attended the ceremony and presented the 10 th annual awards to the laureates.
“The Chongqing Friendship Award is to recognize foreign experts, as top ranking talents in his or her own fields and positions, who have made great contributions to build up bridges of friendship among Chongqing City and the rest of the world,” commented Mr.Qifan Huang, Mayor of Chongqing City. “Dr. Yao has been successfully leading Daqo New Energy to outperform in the fierce competition in global solar PV market and therefore develop into one of the most competitive solar companies in China.”
Since Daqo New Energy commenced polysilicon production in 2008, the Company has been committed to continuously improve quality, lower cost and enhance capacity. Presently, Daqo’s quality of polysilicon is among the best in class globally and its production cost is also competitive among the first-tier polysilicon manufacturers in China. Upon the completion of Phase II polysilicon project in Xinjiang, Daqo is expected to achieve 7,300MT capacity per annum with a world-class cost structure by the end of 2012.
“It’s a great honor to receive Chongqing Friendship Award. We cannot attain the achievement without employees’ effort and the great investment and work environment provided by Chongqing government,”commented Dr. Yao, Chief Executive Officer of the Company. “The award represents a recognition to the success in the past as well as an expectation for the future. We will continue our effort in technology innovation and efficient operation to deliver solar PV products with higher quality and lower cost, so as to create better opportunities for local employment and contribute more to the economy in the region.”