2 Billion Yuan! HDHM to Open 3.5GW TOPCon and 6.5GW HJT Manufacturing Base in Jiangsu Province of China

PVTIME – Wuxi Huadong Heavy Machinery Co.,Ltd (HDHM)(002685.SZ) , a China-based company specialising in the manufacture of ship-to-shore (STS) container cranes, rail-mounted gantry (RMG) container cranes, rubber-tyred (RTG) container cranes, general gantry cranes, portal cranes and other types of cranes, announced on 29 March that it intends to invest in a 10GW high-efficiency solar cell production base in Jiangsu Province, China.

The company plans to set up two subsidiaries engaged in solar PV-related business and initiate this specific project, which is designed to produce 182/210mm large size TOPCon and HJT cells with production capacity of 3.5GW and 6.5GW respectively.

An estimated total investment of 2 billion yuan will be invested in the project, which is expected to generate annual sales revenue of 10 billion yuan and tax payment of 200 million yuan. Meanwhile, related jobs will be created for local people.