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Suntech to establish R&D, manufacturing in Shanghai

Posted: 23 Aug 2006 ?? ?Print Version ?Bookmark and Share

Keywords:Suntech Power Holdings? photovoltaic cell? R&D? research? PV solution?

China's photovoltaic cell maker Suntech Power Holdings Co. Ltd plans to establish manufacturing and R&D facilities in Caohejing Hi-tech Park, Shanghai. The facilities are expected to begin operations in early 2008.

The company recently opened a sales office in Shanghai and announced it would establish a U.S. subsidiary in Delaware.

"Our new facilities in Caohejing Hi-tech Park will provide us with another site to expand our production capacity, and develop new solar technologies and value-added PV solutions," said Dr. Shi Suntech's chairman and CEO. "We believe that the proximity to central Shanghai will also help us to continue to attract highly qualified staff."

Suntech anticipates that the manufacturing and R&D facilities will cost approximately $60 million to develop.

- Spencer Chin
EE Times

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