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Motech to build wafer fab in Kunshan

Posted: 12 Feb 2007 ?? ?Print Version ?Bookmark and Share

Keywords:Solar cells? Motech?

According to industry sources, Motech Industries Inc. will set up a silicon wafer fab plant in Kunshan, mainland China. Company executives reportedly announced that AE Polysilicon will supply the fab's polysilicon demand. Volume production of the new plant will begin in 2008.

Motech will list the Kunshan plant on China's Stock Exchange. Motech itself is currently listed on the Taiwan Stock Exchange.

Furthermore, the company recently approved the issuance of global depositary receipts, which will raise about $200 million. The amount will be used for acquiring raw materials and equipment.

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