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German headquartered Hanwha Q CELLS will build a large-scale module factory at its existing site in Cyberjaya, Malaysia. The new facility will include four production lines and automated equipment for solar modules totaling a capacity of 800MW. After currently increasing its capacities in cell production, the investment in a new module production highlights Hanwha Q CELLS’ growth and positive business outlook.
In August, Hanwha Q CELLS announced to increase its total production capacity to more than 1.5 GW by the end of the year. Furthermore, Hanwha Q CELLS has been strongly expanding its business and expects 2014 shipments between 1 and 1.2 GW as well as positive full-year-figures. Detailed financial figures about revenue or profit have not been disclosed.
Charles Kim, CEO of Hanwha Q CELLS, said: “By building module facilities of 800 MW at our site in Malaysia, Hanwha Q CELLS takes the next step in becoming one of the globally leading companies in the PV industry. The new factory will strengthen our position to satisfy the heightened demand of our customers.”
The construction of the module production facility at the Cyberjaya site will start in early 2015. Hanwha Q CELLS will start to move in the production equipment in parallel. The new production lines are planned to be ready for a first test production in Q3 2015 and expected to reach full utilization by early 2016.
“The new module fab in Cyberjaya is the logical next step in carrying forward the company´s international setup of R&D and mass production,” said CEO Charles Kim. By partly insourcing and at the same time increasing total module production capacities, Hanwha Q CELLS is further strengthening this combination of German engineering and quality with competitive and flexible international mass production.