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Trina Solar builds manufacturing facility in Thailand

Posted: 08 May 2015 ?? ?Print Version ?Bookmark and Share

Keywords:Trina Solar? subsidiary? manufacturing? PV?

Trina Solar Ltd has set up a subsidiary company in Thailand to build a manufacturing facility with 500MW of module and 700MW of cell production capacity. Trina Solar will invest $160 million in the Trina Solar Science & Technology Ltd, which is located in Rayong of Thailand. Production is projected to begin in late 2015 or early next year.

"Thailand is an ideal location for us to build a new manufacturing base due to its proximity to key emerging markets in the Asia Pacific region as well as its favourable investment environment in terms of land acquisition and labour costs. The new factory will serve to diversify and expand Trina Solar's existing manufacturing capacity to meet growing demand from both our established key markets and emerging markets.

"We believe diversifying our global manufacturing capacity will allow us to better leverage resources more cost effectively, enhance our competitiveness in overseas markets and enable us to increase our global market share. Besides, Thailand is also a particularly attractive PV market given its sunny environment, long-term PV subsidies, and favourable government policies towards the solar sector. We are also very delighted that our investment in the region will help create jobs and support local economic development, as well as further develop the solar industry in Thailand," said Zhiguo Zhu, COO and president of module business unit of Trina Solar.

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