PVTIME – On Wednesday evening, Hangzhou First Applied Materials Co., Ltd. (hereby referred to as “the company”) announced its plans to invest in a solar EVA film production facility with an annual production capacity of 500 million square meters. The project is to be implemented in Chuzhou City of Anhui Province by the company’s wholly-owned subsidiary, Chuzhou First Applied Materials CO., Ltd. The investment total of this project will be 1.603 billion yuan and is to be self financed.
The company is a global leader in the field of solar cell encapsulation and occupies more than 50% of the global market share. The successful implementation of the above project will further expand the company’s production capacity, meet the development needs of the photovoltaic industry, enhance the company’s supporting capabilities, optimize the company’s product structure, and improve the added value and core of the company’s photovoltaic film products’ competitiveness, and improve the company’s economic efficiency.
At the same time, the successful implementation of the project will ensure that the company’s photovoltaic encapsulation products have the technological advantages and further consolidate the company’s leading position in the global photovoltaic encapsulation market.