In 2011H1, operating revenue of solar wafer cutting fluid increased by 71% YoY, meanwhile its gross margin reached 13.8%, maintaining the same level as last year. Currently, OXIRANCHEM has become the largest manufacturer of solar wafer cutting fluid in the world, and it accounts for over 70% market share in this field in China. It is the exclusive provider of cutting fluid for LDK Solar.

Other providers of cutting fluid include Xindaxin Materials, Wuxi Jiayu Electronic Material Science and Technology Co., Ltd., Liaoning Kelong Fine Chemical Co., Ltd., and Qingdao Haikelin Electronic Material Co., Ltd. 

Solar Wafer Cutting Fluid Operating Revenue and Gross Margin of OXIRANCHEM, 2007-2011 (RMB mln)

Source: OXIRANCHEM; ResearchInChina