OCI Company, a Korean producer of value-added specialty chemical products, is currently on the road to drum up support for an issue of global depositary receipts GDRs, which looks set to become the largest sale of such instruments by an Asia ex-Japan issuer since Taiwan’s Innolux Display Corp raised $1.35 billion in November 2007.
The company is aiming to raise up to $700 million that will go towards the construction of two new polysilicon plants as it seeks to ramp up its production of this raw material for the solar power sector. It started commercial production of polysilicon only in 2008, but as of last year it...
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