Hanwha Q CELLS to Build 800 Megawatt Module Factory
- New building with four module production lines at main site for mass production in Cyberjaya, Malaysia
- Construction start in early 2015, ramp-up to be completed by early 2016 Hanwha Q CELLS continues on its growth path
German headquartered Hanwha Q CELLS today announced that it 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 the company’s high performing solar modules totaling a capacity of 800 megawatt (MW). After currently increasing its capacities in cell production, the investment in a new module production again highlights Hanwha Q CELLS’ consistent growth path and positive business outlook. Given the growing cell capacity and production volume, the largest European PV provider according to shipments now adapts its module production capacities accordingly. The amount of investment has not been disclosed.
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.
The next step in becoming one of the leading players in global PV industry
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 photovoltaics industry. The new factory will strengthen our position to satisfy the heightened demand of our customers. We offer top-quality modules, applications and complete power plants “Engineered in Germany” as well as long-term partnership and financial stability.”
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.
Further strengthening the combination of German engineering with international mass production
“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. Seong Joo Ryu, Managing Director of Hanwha Q CELLS Malaysia, added: ”Hanwha Q CELLS Malaysia is ready to become the company´s main hub for the sustainable mass production of high quality solar cells and modules at competitive costs.” In combining cell and module manufacturing in one production site, the company will optimize the production cycle times and reduces logistics costs.
The planning, building and ramping up of the new module fab in Malaysia will be a constant team effort across sites, countries and company departments. Dr. Andreas von Zitzewitz, COO at Hanwha Q CELLS, comments, “Our teams in Thalheim and Cyberjaya are working hand in hand in realizing this important project for our company.”
For more information:
- Hanwha Q CELLS GmbH
- Sonnenallee 17-21
- 06766 Bitterfeld-Wolfen (OT Thalheim), Germany
- Corporate Communications
- Jochen Endle, Robert Reinsch
- Tel: +49 (0)3494 6699 10121
- Email: presse@q-cells.com
- Executive Board
- Hee Cheul Kim (CEO), Kye Chun Son (CFO),
- Dr. Andreas von Zitzewitz (COO), Koo Yung Lee (CCO)
Hanwha Qcells
Hanwha Qcells (Hanwha Solutions Qcells division) is one of the world’s leading clean energy companies, recognized for its established reputation as a manufacturer of high-performance, high-quality solar cells, and modules, a portfolio of intelligent storage systems, and a growing international pipeline of large-scale renewable energy projects. Hanwha Qcells also provides renewable electricity retail services and packages to end customers the world over. The company is headquartered in Seoul, South Korea (Global Executive HQ) and Thalheim, Germany (Technology & Innovation HQ) with its diverse international manufacturing facilities in the U.S., Malaysia, China, and South Korea. Hanwha Qcells strives to offer Completely Clean Energy through the full spectrum of photovoltaic products, storage solutions, renewable electricity contracting, and large-scale solar power plants. Through its growing global business network spanning Europe, North America, Asia, South America, Africa, and the Middle East, Hanwha Qcells provides excellent services and long-term partnerships to its customers in the utility, commercial, governmental, and residential markets.
For more information, visit: www.qcells.com/us/
Hanwha Group
Founded in 1952, Hanwha has grown quickly by anticipating and responding to changing business environments with a balanced business portfolio that includes energy & materials, aerospace, finance and retail & services. Our expertise and synergy in key areas have catapulted us into the seventh-largest business in South Korea and a Fortune Global 500 company. Hanwha continues to grow rapidly as we strive to pursue global leadership in all of our businesses. We are building a robust foundation for sustainable development and a brighter future for everyone.
For more information, visit: www.hanwha.com
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