On August 8, Hubei Huitian Adhesive Enterprise released a notice stating that its holding subsidiary Changzhou Huitian New Material plans to build new production lines for PV cell back film. Two of the new production lines will manufacture a type of back film for coated bifacial PV cells. This project will entail an estimated investment of RMB 30 million and add 36 million square meters of production capacity for PV cell back film. The notice said that Changzhou Huitian will be raising the fund for the project, which is scheduled for completion in March 2023. This story was first reported by other Chinese renewable energy news outlets.
According to the notice, Changzhou Huitian’s production capacity for PV cell back film has now reached around 80 million square meters. As the company’s product sales continue to grow in scale, the current production capacity is insufficient to meet the demand of customers in the downstream of the supply chain. Also, Huitian intends to keep up with the development trends of the PV industry, and there are significant opportunities related to the recent structural changes and transformation of the industry. Therefore, the company wants to build on its existing advantage in the market for PV cell back film and further improve its competitiveness. The plan for new production lines, which includes the two for manufacturing the back film used in coated bifacial cells, will enable the company to gain more market share. Once the new production lines are up and running, Changzhou Huitian’s production capacity is expected to expand by around 45%.