Hanwha SolarOne to Build 230 MW Module Factory in South Korea
02 Dicembre 2014 - 3:00PM
Business Wire
New facility scheduled to begin production in the second
quarter of 2015
Hanwha SolarOne, a top-10 global photovoltaic manufacturer of
high-quality, cost-competitive solar modules, will build a new
solar photovoltaic (PV) module factory in Eumseong, Chungbuk, South
Korea. Hanwha SolarOne will invest $12 million to build the
facility, which is scheduled to begin production in the second
quarter of 2015 with an annual manufacturing capacity of 230
megawatts (MW).
Hanwha SolarOne is building the factory to service local Korean
demand as well as further diversify the company’s manufacturing
capacity, offering new options to supply tariff-free modules to the
U.S.
“Hanwha SolarOne is proud to help South Korea become greener
with clean solar electricity,” said Seong-woo Nam, chief executive
officer of Hanwha SolarOne. “This new facility will also further
diversify our manufacturing footprint, allowing us to offer
tariff-free modules to the U.S. The Hanwha Group has successfully
managed trade disputes in dozens of industries over the last 60
years, something no other tier-one solar manufacturer can
claim.”
Hanwha SolarOne will hire about 200 new employees to work at the
facility, including research and development personnel to focus on
developing innovative module technology.
The new plant will add to current expansions already underway to
bring the company’s cell production capacity to 1.5 gigawatts (GW)
and module production to 2 GW by the end of this year. Once the new
module factory is complete in South Korea, Hanwha SolarOne’s total
module production capacity will reach 2.23 GW.
About Hanwha SolarOne
Hanwha SolarOne Co., Ltd. (NASDAQ:HSOL) is one of the top 10
photovoltaic module manufacturers in the world, providing
cost-competitive, high quality PV modules. It is a flagship company
of Hanwha Group, one of the largest business enterprises in South
Korea. Hanwha SolarOne serves the utility, commercial, government
and residential markets through a growing network of third-party
distributors, OEM manufacturers and system integrators. The company
maintains a strong presence worldwide, with a global business
network spanning Europe, North America, Asia, South America, Africa
and the Middle East. As a responsible company committed to
sustainability, Hanwha SolarOne is an active member of the PV Cycle
take-back and recycling program. For more information, please visit
www.hanwha-solarone.com.
Hanwha SolarOneJeffrey Juger, +1 203-800-6000 (USA)Head of
Marketingjeffrey.juger@hanwha-solarone.comorPaul CombsV.P. of
Investor Relations6th Floor, Yongda International Tower2277
Longyang Road, Shanghai, PRC 201204P. R. ChinaTel: 86-21-3852 1533
/ Mobile: 86 138 1612 2768E-mail:
paul.combs@hanwha-solarone.com
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