Company News

Solartech investing US$16.2 million in Malaysian solar cell producer

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Solartech investing US$16.2 million in Malaysian solar cell producer

 

Taiwan-based solar cell producer, Solartech Energy is investing approximately US$16.2 million in Malaysia-based solar cell producer, TS Solartech Sdn Bhd, a subsidiary of Tek Seng Holdings Bhd.

Solartech Energy said in a recent TWSE financial filing that it had signed a memorandum of cooperation with TS Solartech that would become a strategic alliance in the production of solar cells.

The company said the investment would also relate to the expansion of multicrystalline solar cell production with the purchase of production equipment.

Before the Solartech Energy agreement, TS Solartech had plans to expand solar cell production to 640MW by 2015, which would include 8 manufacturing lines. Currently, TS Solartech is currently operating a single production line, producing 26,000 solar cells per day.

According to Solartech Energy, the strategic alliance was intended to expand its sales in the Southeast Asia region.

However, Solartech Energy like other Taiwan-based solar cell producers have had sales impacted by the US anti-dumping case with sales falling from record peaks in the early part of the second quarter.

Producers such as Neo Solar Power have said that it was considering overseas production to avoid duties. Companies are also looking at expanding sales to Japan, a key market for many producers as Japanese manufacturers such as Sharp continue to outsource wafer, cell and module assembly to meet demand and limit capital expenditure.

Malaysia had been identified as a potential destination for Taiwan producers due to the establish supply chain, which supports both small local producers as well as the likes of Hanwha Q CELLS and Panasonic.

 

Interview from BFM89.9

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An interview done by BFM89.9 with Mr Loh Kok Cheng, managing director of TS Solartech Sdn Bhd on how the company hopes to grow the business and the what the entry of Taiwan's SolarTech means for its future.

 

Your browser does not support native audio, but you can download this MP3 to listen on your device.

 

IGEM2014

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International Greentech Eco Products Exhibition & Conference Malaysia 2014

igem.png


IGEM2014 aims to help push the rapid adoption of green technology which is the emerging driver to deliver a double impact of sustainable economic growth as well as to address the environmental and energy security issues.With expected participants of more than 600 companies and over 60,000 visitors around the worlds, this is indeed an essential event for green products and sellers to interact, transact and establish new partnerships and oversea collaboration. TS Solartech, as one of the participating exhibitors is happy towelcome you to visit us at our booth.

Booth No:

  • C237

Venue:

  • Kuala Lumpur Convention Centre(KLCC), Kuala Lumpur, Malaysia

Date / Time:

  • 16 - 18 October 2014   10.30am - 6.00pm    Trade Visitor Only
  • 19 October 2014         10.30am - 5.00pm   Trade & Public Visitors

Admission details (From Organizer)

  • Free admission. Registration is required.
  • Walk-in visitors are most welcomed but are strongly encouraged to pre-register online for faster and hassle-free admission.
  • Trade days are open to professionals, trade and business visitors by invitation or business-card registrations only.
  • Children 12 years & below will NOT be permitted admission.
  • All visitors must be properly attired. Bermudas, shorts, sandals and slippers are NOT permitted.
  • The organiser reserves the right to refuse any entry at their discretions.
 

PV Taiwan 2014

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PV Taiwan is one of Asia’s premier international PV exhibitions. With more than 160 exhibitors and more than 8,000 visitors from more than 60 countries, PV Taiwan is a perfect sourcing hub for the PV world market. TS Solartech being one of the humble exhibitors sincerely welcomes you to visit us.

 

Taiwan International Photovoltaic Exhbition

Venue: Hall 1, Tapei World Trade Center (TWTC)

Time: October 22 – October 24

Booth No: A1216

For more information, you could call us at +604-5015545 or email us at This e-mail address is being protected from spambots. You need JavaScript enabled to view it

 

Power towards their solar goal

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Modern factory: The TS Solartech plant in Penang Science Park, Bukit Minyak, Penang, currently employs 40 people.

PENANG-based TS Solartech Sdn Bhd, a subsidiary of Tek Seng Holdings Bhd, plans to produce up to 640MW of solar cell power a year by 2015.

Its manager Alex Mah Wai Leong said in an interview that 640MW is equivalent to the energy consumed by 128,000 medium-size households or 640 medium-size factories.

“We have so far spent RM120mil for the plant equipped with one production line.

“The plan is to spend another RM480mil to expand and upgrade the plant over the next five years.

“In 2015, we plan to increase the production lines to eight, with an installed production capacity of 640MW,” he said.

Presently, the plant, located in Penang Science Park, Bukit Minyak, is running a 12-hour shift, producing 26,000 pieces of solar cells a day.

“In a couple of months, we will go on a 24-hour shift to produce 52,000 pieces of solar cells a day,” he said.

The company’s solar cells are sold to solar panel manufacturers in the country, of which there are only a handful, and to the overseas market.

Each solar panel uses 60 to 72 solar cells together to form a 230 to 240 watt panel.

The plant uses German solar cell manufacturing technology and multi-crystalline silicon wafer to convert sunlight into energy.

Read more... [Power towards their solar goal]
 
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