|2014.09.17 / PHOTON News|
|Solartech and Tainergy open cell lines abroad|
Taiwan-based crystalline silicon solar cell makers Solartech Energy Corp. and Tainergy Tech are separately planning to open solar manufacturing facilities outside of Taiwan, according to local news portal Digitimes.
Solartech intends to enter into a partnership agreement with Malaysian investment company Tek Seng Holdings Bhd. Under the terms of the agreement, both companies will invest 100 million MYR ($31.3 million) to build two solar cell production lines with a combined capacity of over 140 MW at the manufacturing facility of Solartech Sdn Bhd, a subsidiary of Tek Seng, by the end of this year. Meanwhile, Tainergy is planning to invest $10.8 million in a new solar cell production unit in Vietnam in cooperation with Taiwan-based equipment maker Kenmec Mechanical Engineering.
The two companies will create a joint venture aimed at relocating 100 MW of Tainergy’s solar cell production capacity to the new factory in Vietnam. Tainery will own 90% of the new company.
According to Digitimes, which cites an unnamed market analyst, these new factories are being built in response to the recent antidumping duties introduced by the US government on solar products imported from China and Taiwan. © PHOTON