Hanwha Q CELLS Increases Production Capacity to 1.3 GWp

Hanwha Q CELLS will expand both its business and its capacity in 2014. It has started integrating an additional 204 MWp production line for the company´s high efficiency solar cells as part of its existing plant in Malaysia. This step will raise the production capacity of the manufacturing facility in Cyberjaya, close to Kuala Lumpur, to 1.1 GWp and the total production capacity to 1.3 GWp.

After increasing the company´s capital by USD $188.5 million in November 2013, the capacity increase again underlines Hanwha Q CELLS´ positive business outlook for 2014 and the company´s determination to becoming a leading player in solar industry globally.

“More and more customers in the international PV markets demand the unique combination that we have to offer: best quality products ‘Engineered in Germany’, complete solutions and services for PV systems and power plants and all that based on the reliable partnership with a financially stable company,” said Charles Kim, CEO of Hanwha Q CELLS. “With regards to this heightened demand we increase our capacity in order to fulfil our customers’ requirements.”

The construction at the Cyberjaya plant has started in December 2013. The additional production line is scheduled to be ready for ramp up by end of June 2014 and to be fully productive by early autumn 2014.

“With the expansion, the Hanwha Q CELLS Malaysia facility will finally exceed 1GW of cell production capacity, thereby ensuring a continuous supply of multi-crystalline high quality solar cells to our certified module manufacturing partners,” said Seong Joo Ryu, managing director of Hanwha Q CELLS Malaysia. “In addition the capacity increase will enable our company to leverage even higher economies of scale, hence further improving our financial performance.”