Sino-American Silicon Products (SAS), a solar-grade crystalline silicon wafer maker is investing EUR10 million ($10.94 million) to establish a crystalline silicon solar cell factory in Germany. The factory will have annual production capacity of 200MWp, SAS has stated.
The factory is aimed at meeting supplies to US and Europe and to avoid anti-dumping and anti-subsidization tariffs imposed by the US government and the European Union.
The factory expects to capitalize on advanced technology and automated production in Germany to roll out high-quality solar cells. The advantages are expected to offset high labor charges in Germany.
SAS posted revenues of NT$13.919 billion (US$442 million), gross margin 14.25 percent, net profit NT$398 million and net EPS NT$0.35 for the first half of the year.
The company also saw its consolidated revenues for July — NT$2.436 billion — show a 6.20 percent fall on month but increase of 8.10 percent on year.
Ajith Kumar S
editor@greentechlead.com